Allen Brothers Houston Real Estate

Rent for $1450 per month OR buy for $925 per month

August 19th, 2011 3:25 PM by AllenBrothers Realtors

Hello All-
I am a realtor this is my personal experience. I bought a bank owned home in January for $130,000 FHA 30 year fixed @ $925 per month inc taxes. I was renting a smaller home for $1450 per month. I came out of pocket with all closing costs and money down $$10,500 in 20 months I will have made that money out of pocket break even. over the nnext 28 years I will save $176,400 in rent. It is a great time to buy!

-Ruth Dubach (Zillow)

Posted in:General
Posted by AllenBrothers Realtors on August 19th, 2011 3:25 PM

Great point and on-point, from a financial perspective, If you can buy a home for less that you can rent a comparable home it is an easy decision to buy.
Posted by Consumer Advocate on November 6th, 2011 7:57 PM


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