Page 13 - FNTA Buyers Guide_2020

RENT vs BUY WHYPAYRENT...when you could build equity in a home.
Have you ever considered how much you pay in rent over an extended period of time? It is probably a lot more than you realize. The amount you spend for rent each month could be applied to a mortgage, not only building equity in your own property, but—in most cases—substantially reducing the Federal and State income taxes you pay each year. And what happens to your rent money? It’s gone! There’s no interest, no equity, no return.
To determine your home-buying ability, call your real estate agent or lender. The consultation is free with no strings attached so make the call today!
MONTHLY
AFTER 1 YEAR
AFTER 3 YEARS
AFTER 5 YEARS
AFTER 10 YEARS
AFTER 15 YEARS
YOUR RETURN
$400
$4,800
$14,400
$24,000
$48,000
$72,000
$0
$500
$6,000
$18,000
$30,000
$60,000
$90,000
$0
$600
$7,200
$21,600
$36,000
$72,000
$108,000
$0
$700
$8,400
$25,200
$42,000
$84,000
$126,000
$0
$800
$9,600
$28,800
$48,000
$96,000
$144,000
$0
$900
$10,800
$32,400
$54,000
$108,000
$162,000
$0
$1,000
$12,000
$36,000
$60,000
$120,000
$180,000
$0
$1,100
$13,200
$39,600
$66,000
$132,000
$198,000
$0
$1,200
$14,400
$43,200
$72,000
$144,000
$216,000
$0
$1,300
$15,600
$46,800
$78,000
$156,000
$234,000
$0
$1,400
$16,800
$50,400
$84,000
$168,000
$252,000
$0
$1,500
$18,000
$54,000
$90,000
$180,000
$270,000
$0
$1,750
$21,000
$63,000
$105,000
$210,000
$315,000
$0
$2,000
$24,000
$72,000
$120,000
$240,000
$360,000
$0
$2,500
$30,000
$90,000
$150,000
$300,000
$450,000
$0
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