| Office Address: |
1717 Simi Town Center Way #7
Simi Valley, CA 93065
CalDRE: 01220304
NMLS: 336940
Rebecca Baumgartner, Broker:
CalDRE: 00962527
NMLS: 340837
p. (805) 501-0407
f. (805) 577-6208
Rebecca@randgfinancial.com
Glenn Hirschfeld,
Senior Loan Officer
CalDRE: 00869262
NMLS: 341473
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Stop Paying Your Landlord's Mortgage - Renting is hazardous to your wealth!
Look at the chart below to see how much money you pay in rent and still own nothing!
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| Monthly Rent |
After 2 years |
After 3 years |
After 4 years |
After 5 years |
| $800 |
$19,200 |
$28,800 |
$38,400 |
$48,000 |
| $900 |
$21,600 |
$32,400 |
$43,200 |
$54,000 |
| $1,000 |
$24,000 |
$36,000 |
$48,000 |
$60,000 |
| $1,100 |
$26,400 |
$39,600 |
$52,800 |
$66,000 |
| $1,200 |
$28,800 |
$43,200 |
$57,600 |
$72,000 |
| $1,300 |
$31,200 |
$46,800 |
$62,400 |
$78,000 |
| $1,400 |
$33,600 |
$50,400 |
$67,200 |
$84,000 |
| $1,500 |
$36,000 |
$54,000 |
$72,000 |
$90,000 |
| $1,600 |
$38,400 |
$57,600 |
$76,800 |
$96,000 |
| $1,700 |
$40,800 |
$61,200 |
$81,600 |
$102,000 |
| $1,800 |
$43,200 |
$64,800 |
$86,400 |
$108,000 |
| $1,900 |
$45,600 |
$68,400 |
$91,200 |
$114,000 |
| $2,000 |
$48,000 |
$72,000 |
$96,000 |
$120,000 |
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Actual example of the difference in monthly costs
Rent: This home rents for $2200 Plus a $4000 security deposit
Mortgage: The payment is $2054 100% financing @ 6.5% for 30 years principle and interest
Your Monthly Savings $146 Less than renting
Not only is your monthly payment lower, 12 months rent equals $26,400 a year you could be investing into a home of your own! But there is more to the story!
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Monthly savings is just part of the story, don't forget the potential tax savings, and the increase in property value. With a modest 2-5% increase in property values each year the profit you would see ranges from $6,500-16,250. In 5 years you stand to gain $32,500-81,250 or more. Your rent payment would total $132,000 and own nothing.
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