My objective is to help people like you stop paying rent and start owning your own home. I have broken down the number so that it is easy for you to understand.
PRICE OF HOME: 250,000.00 (typical price of Town home)
DOWN PAYMENT: 12,500.00 + closing cost
MONTHLY PAYMENTS: 1,040.00 / MTH
PROPERTY TAX: 210.00 / MTH
MAINTENANCE: 50.00 / MTH
TOTAL MONTHLY PAYMENTS: $1,300.00 / MTH + utilities
MARKET RENT: $1,400.00 / MTH + utilities
Owning vs. Renting
$1,300.00 vs. $1,400.00
Keep in mind that a fraction of your monthly payments of owning will go toward paying your house principal down. So that when it comes time to selling your home, you will have that equity in your house!