Your First Home

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Featured Property

  • 309 N HUNTER ROAD
    DRUMS, PA
    $525,000
  • 401 LINDEN AVENUE
    DOYLESTOWN, PA
    $1,850,000
    4 beds | 4 baths
  • 19 BYBERRY ROAD
    HATBORO, PA
    $289,000
    4 beds | 2 baths
  • 2140-A YORK ROAD
    JAMISON, PA
    $3,500
  • 2140-50 YORK ROAD
    WARWICK, PA
    $1,200,000

     For Rent  


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         by website: 
        
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phillyBurbs.com
         Realtor.com
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         ApartmentsToLike.com
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For More Information or Assistance, Contact Michaelangelo: (215) 470-1983 or E-mail 

Rent vs Buying

Although some renters believe that renting is “maintenance free,” they are actually paying for maintenance in their rent – whether they need it or not.  Renting offers you no equity, no tax benefit, and no protection against regular rent increases.  If you’re paying rent, you’re really just paying someone else’s mortgage.  Let’s compare.*

 

Rent          vs.            Own

Monthly Payment

$1,000

Monthly Payment

$   855

Insurance

$     30

Insurance

$     50

Taxes

$       0

Taxes

$   260

 

 

MIP Insurance

$     45

Total Payment

$1,030                                     

Total Payment

$1,210

 

 

 

 

Savings

Interest Deduction

$       0

Interest Deduction

$ 175

Tax Deduction

$       0

Tax Deduction

$   75

 

 

After Tax

 

Net Monthly Payment

$1,030                                 

Net Monthly Payment

$ 960

 

* Approximate Payment/Cost Comparison based on estimated annual tax results.  Based on 2.5 tax bracket and on estimated first year interest and taxes.  Recommend consulting with tax expert.  Payment based on FHA 30-year fixed rate loan with 7% interest rate, sales price of $125,000 and a loan balance of $121,250.  Interest rate/rental rates, prices, terms, and availability subject to change without notice.  See a qualified tax consultant for more details.