Minnesota Homes Today Local & National News

  • Home
  • About Us
  • Blog
  • Resources
    • Buyers Guide
    • Sellers Guide
    • Buyer Info
    • Seller Info
    • Closing Costs
    • Home Appraisal
    • Home Inspection
    • Loan Checklist
    • Loan Process
    • Loan Programs
  • Contact

Are You Still Renting? You’re Throwing Away Money Every Month

December 18, 2011 by Bob Elliot Leave a Comment

 

How much could you borrow to own your own home based on what you’re paying in rent?  

 

                                                                                

                                                                                        Interest Rate

              Current Rent                            4%               5%               6%               7%
                                                        
APR 4.969   APR 5.966      APR 6.973     APR 7.988

 

                       $800                            $95,000        $84,000        $75,000         $68,000

                       $900                          $115,000      $102,000        $92,000         $83,000

                    $1,000                          $136,000      $121,000      $108,000         $98,000

                    $1,100                          $152,000      $135,000      $121,000       $109,000

                    $1,200                          $168,000      $149,000      $133,000       $120,000

                    $1,300                          $183,000      $163,000      $146,000       $132,000

                    $1,400                          $204,000      $182,000      $163,000       $147,000

                    $1,500                          $220,000      $196,000      $175,000       $158,000

Call me today for information on homes available right now in your price range!

*APR as of 11/30/11. This is not  an offer to extend credit. Rates subject to change without notice.

 For Minnesota Real Estate Properties Today

Filed Under: Uncategorized

Leave a Reply

Your email address will not be published. Required fields are marked *

Bob Elliot

Contact Bob Elliot

Broker Agent
CRS, GRI, CDPE

CALL 612.868.5500
Lic #: 40241196
eXp Realty
Bob Elliot
Free Buyers' Guide →
Free Sellers' Guide →

Connect with Me!

Let’s Keep In Touch!

  • This field is for validation purposes and should be left unchanged.

Realtor EQO

Quick Links

  • About Me
  • Accessibility Statement
  • Blog
  • Contact

Looking For Something?

Categories

Located in St. Paul, Minnesota

Copyright © 2023 · Powered by MySMARTblog