own vs. rent

1
Insuring the home-ownership dream. The right choice… Your choice Home Owning vs. Renting... “We had no idea how much we could save by owning!” Monthly Cost Comparison: Compare Rent for Buy for 5.574% APR - 30-year loan - $225,000 Loan Payment (P&I) - $1,169 Taxes & Insurance - $313 Rent $1,300 Monthly Payments $1,300 $1,484 Monthly Interest - $900 Property Tax - $183 Monthly Deductible - $1,083 Tax Rate .25% .25% Monthly Tax Savings - $271 Monthly Payments $1,300 $1,484 Less Tax Savings - $271 Less Principal Reduction - $269 Compare actual monthly cost $1,300 $944 Benefits of owning: Income Tax Benefits Take advantage of significant Interest and property tax deductions when you purchase. Equity Build Up Each payment you make is a step towards your own equity. Why not put money toward your own future value? Trade-Up Value Your first home may not be your “dream home” but it can be that vital step toward it. Equity built over time can be significant leverage toward that dream. Keep up with Inflation Home values traditionally out-pace inflation, giving you the “equity advantage” over time. Ownership Your home is your castle. Ownership gives you the freedom to make it your own without the hassles of a landlord. Visit myticor.com/firsthome today to use a free buy vs. rent calculator!

Upload: matt-sweet

Post on 30-Mar-2016

223 views

Category:

Documents


1 download

DESCRIPTION

An ad in Homes magazine that we're running on the advantages of owning versus renting

TRANSCRIPT

Page 1: Own vs. Rent

Insuring the home-ownership dream.

The right choice… Your choice

HomeOwning vs. Renting...“We had no idea how much we could save by owning!”

Monthly Cost Comparison:Compare Rent for Buy for5.574% APR - 30-year loan - $225,000

Loan Payment (P&I) - $1,169

Taxes & Insurance - $313

Rent $1,300

Monthly Payments $1,300 $1,484

Monthly Interest - $900

Property Tax - $183

Monthly Deductible - $1,083

Tax Rate .25% .25%

Monthly Tax Savings - $271

Monthly Payments $1,300 $1,484

Less Tax Savings - $271

Less Principal Reduction - $269

Compare actual monthly cost

$1,300 $944

Benefits of owning:

Income Tax BenefitsTake advantage of significant Interest and property tax deductions when you purchase.

Equity Build UpEach payment you make is a step towards your own equity. Why not put money toward your own future value?

Trade-Up ValueYour first home may not be your “dream home” but it can be that vital step toward it. Equity built over time can be significant leverage toward that dream.

Keep up with InflationHome values traditionally out-pace inflation, giving you the “equity advantage” over time.

OwnershipYour home is your castle. Ownership gives you the freedom to make it your own without the hassles of a landlord.

Visit myticor.com/firsthome today to use a free buy vs. rent calculator!