THE BENEFITS OF BUYING VS. RENTING ALISO VIEJO
The Monthly amount you pay could add up over several years to be the price of your dream home, if not more!
|Term||30 Year Fixed|
|P & I||$1,721.89|
|Total after 3 Years||$95,507.64||$99,720*|
|Equity after 3 Years||$76,918.07*||$0|
*Taxes, Insurance, & HOA will vary with each loan. Rent was raised $100 a month each year. Equity is principal pay off and a 3% yearly increase in Real Estate values.
The principal and interest payment on a $395,650 30-year FHA Fixed Rate loan at 3.25% and 96.5% loan-to-value. FICO score of 680 was used for this example.