own vs. rent
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An ad in Homes magazine that we're running on the advantages of owning versus rentingTRANSCRIPT
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!