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nilsson@desertrealestateinfo.com
Tom & Pam
1-760-898-4806
Why throw your money away when you could be building equity.
Look at the following example:
Based on loan amount of $280,000
Rent at $1300/month = $15,600 with no equity and no
tax write off.
Payments on $280,000 loan
=$1500 per month..............$18,000 yearly includes
tax & insurance
Taxes $ 3000
Insurance $ 900
Interest $12,600
Total $16,500
Tax Bracket 28% x $16,500= $4620
Total yearly expenses $18,000
- $ 4,620 Tax Write Off
Total out of pocket = $13,380
Actual Net Out of Pocket to Buy/ Own $13,380
compared to Rent $15,600
Equity build up at 4% yearly = $11,200
Principal reduction = $ 1,566
Total $12,766
Summary: You gain $12,766 when owning your home
compared to “zero” when renting.
Is Owning better than Renting? We think you’ll
agree the answer is a definitive YES!
Certified Default Resolution Specialist
Tom Nilsson Lic. 01858414 Pam Nilsson Lic. 01858413
THE POWER OF TWO WORKING FOR YOU
THE DESERT AREA MULTIPLE LISTING SERVICE