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
www.consumercreditcapital.net


Archives:

My Favorite Blogs:

Sites That Link to This Blog:

Got a Question?

Do you have a question? We can help. Simply fill out the form below and we'll contact you with the answer, with no obligation to you. We guarantee your privacy.

Your Information
Your Question