Monday, February 22

Help your clients move from renting to owning.

 

Help your clients move from renting to owning.

Your clients may be able to own a home for not much more than they're paying in rent. Check the chart below to see how quickly rent payments can add up. Maybe it's time for your clients to invest that money in something that lasts - a home of their own. Time is running out for the 1st time home buyer tax credit, so they must act now.

Monthly rent

3 years

10 years

15 years

30 years

$500

$18,000

$60,000

$90,000

$180,000

$600

$21,000

$72,000

$108,000

$216,000

$700

$25,400

$84,000

$126,000

$252,000

$800

$28,800

$96,000

$144,000

$288,000

$900

$32,400

$108,000

$162,000

$324,000

$1000

$36,000

$120,000

$180,000

$360,000

$1250

$45,000

$150,000

$225,000

$450,000

$1500

$54,000

$180,000

$270,000

$540,000

 

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