THE FINANACIAL ADVANTAGES OF RENTING VS. BUYING |
The typical expense of home ownership can be much higher than you might think, from lawn care to leaks, painting to plumbing. Not to mention the condo and HOA fees, the taxes, and those very special assessments. Never before has renting provided so many benefits than at The Marque at Heritage Hunt, where you can get the most out of life for less cost.
- Free up your equity and make better investments
- Travel worry-free
- No down payment
- No hidden costs
- No property taxes
- No condo or maintenance fees
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| BUY: |
| Purchase price of a luxury two bedroom, two bath condominium: |
$350,000 |
| Down Payment: |
($100,000) |
| Mortgage Amount |
$250,000 |
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| Annual mortgage payment based on 6.5% constant |
$16,250 |
| Annual real estate taxes and insurance |
4,200 |
| Annual condominium fees |
3,600 |
| Loss of investment income on down payment ($100,000 @ 7%) |
7,000 |
| Home maintenance |
6,000 |
| Income tax savings (assumes $60,000 annual household income, 30% tax bracket) |
(4,500) |
| Total annual costs of owning a condominium home |
$32,350 |
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| RENT: |
| Rent a luxury two bedroom, two bath apartment at The Marque at Heritage Hunt (annual) |
$22,272 |
| Mortgage payment, real estate taxes, insurance and condominium fees |
0 |
| Loss of investment income on savings |
0 |
| Home maintenance costs |
0 |
| Total annual costs of renting a luxury apartment home at The Marque |
$22,272 |
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