HUD Bidding Guide	Property Listings	Buyer Workbook	Officer / Teacher Next Door / Non-Profit Program
Don't be a Victim of Fraud	Home Selling and Home Buying Professionals	Disclosure Policy	Map Directions to ANY Property
Home Buyer Seminar	Privacy Policy	MemphisHUD Background	Real Estate Broker and Agent Info
Corporate & REO Clients	HUD Bid Results	Comments / Feedback

FACT SHEET

Owning a $225,000 House vs. Renting a House for $1,800/mo

RENT

MONTHLY $1,800
INSURANCE $30

TOTAL $1,830
YEARLY COST $21,960
TAX BENEFITS $0
NET COST $21,960

NET COST/MONTH: $1,830

TOTAL $$$ NEEDED
$1,800 x 4 = $7,200
** Contribution from Seller, RE Broker, Gift for Buyer, Lender

OWN

MONTHLY ($218,250 30 yr fix rate mtg at 7.50%) $1,526
PVT MORT INS (PMI/MIP) $56
TAXES $133
HAZARD INSURANCE $80

TOTAL $1,795
YEARLY COST $21,540
TAX BENEFITS (approx) $6,802
NET COST $14,738
NET COST/MONTH: $1,228

TOTAL $$$ NEEDED
$ 6,750 DOWN PAYMENT (3%)
$15,000 CLOSING COSTS (approx)
-$11,250 CONTRIBUTION **

$10,500 NEEDED TO OWN

Click here to see how this was calculated and how you can SAVE over $150,000 Owning vs Renting

This website is intended for the primary use of the customers and clients of MemphisHUD, and may not be altered, copied, reproduced or distributed by any person or organization without written permission of MemphisHUD. Any violation of the above may result in legal action.

This site sponsored by:
Larry Mayall
6423 Summer Gale
Memphis, TN 38134
Direct 901.255.2745; 901.202.4450
Fax 866.278.2875
info@memphishud.com