”What Can I Buy for $1800 a Month”…this was asked today to me & here is a “RENT vs OWN” report that compares the terrific savings my Raleigh Home Buyer can get by choosing to purchase a home vs renting for a payment of $1800 a month. In this scenario a buyer is able to purchase a $300k home with only 5% down, using conventional financing with NO monthly mortgage insurance for a little more than $1700 a month! After 10 years my Raleigh Home Buyer has a “Net Worth” of over $134K due to principle paid, appreciation and tax benefits that come with home ownership, compared to the renter who has nothing to show from all the rent paid!
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