Why rent if you can buy?

You may be able to own a home for not much more than you are paying in rent. Check the chart below to see how quickly rent payments can add up. Maybe it’s time for you to invest that money in something that lasts — a home of your own at a very low interest rate!

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

For many, the after-tax cost of a home loan could be less than the cost of rent. That’s because the interest portion of each mortgage payment may be tax-deductible. In most cases, property taxes are also deductible. Consult with a tax advisor for details.

If you would like more information on lenders and homes in the San Diego area - Please, contact me.......