I came across this calculator on msn.com this morning.
I was amazed at the numbers.
I assumed current rent of $1200 per month and annual rent increase of 1%.
I assumed a purchase price of $200,000, and loan of $150,000 for 30 years at 4.5%.
The calculator allows you to input your property taxes , annual home insurance and annual maintenance costs.
I assumed clsoing costs to be $5000 and annual maintenance costs to be $1000. If you buy a home in good condition it is possible. I also recommend that you get a home warranty.I can help in reducing closing costs by negotiating with sellers.
If you are renting a home right now check out the calculator and give me a call.
It may be cheaper to buy than to rent.
I am an accredited buyer representative and can help you .
Call Gita Bnatwal at Re/Max Centre Realtors
2153438200x124 or 2152758491
When you read about events please check the year for the event as some people find information a year later and think it is for that year. . The posts remain online even after the event.
Gita Bantwal is a Realtor with RE/MAX Centre Realtors in Bucks County, a Northern suburb of Philadelphia. You can view 1000s of listings on her web site www.GitaBantwal.com
She can be reached at 215-343-8200x124 or direct 215-275-8491 or via email firstname.lastname@example.org
If you would like a FREE MARKET EVALUATION OF YOUR HOME IN PHILADELPHIA, BUCKS or MONTGOMERY COUNTY call me at 2152758491
Gita specializes in Active adult communities and is a Seniors Real Estate Specialist. She holds the ABR designation (Accredited Buyers Representative) and specializes in selling to first time buyers as well as move up buyers.Gita also hold the CRS designation , Certified Residential Specialist and the CDPE designation as well. Information about real estate market is deemed to be correct but is subject to errors and omissions and should be verified independently.. Opinion expressed by me or others in my post and comments is not to be construed to be legal advice.I am licensed in Pa. Check real estate laws in your state as they may be different than in Pa.