Owning vs. Renting...
“We had no idea how much we could save by owning!”
Benefits of owning: Income Tax Benefits Take advantage of significant Interest and property tax deductions when you purchase. Equity Build Up Each payment you make is a step towards your own equity. Why not put money toward your own future value? Trade-Up Value Your first home may not be your “dream home” but it can be that vital step toward it. Equity built over time can be significant leverage toward that dream. Keep up with Inflation Home values traditionally out-pace inflation, giving you the “equity advantage” over time. Ownership Your home is your castle. Ownership gives you the freedom to make it your own without the hassles of a landlord.
Visit myticor.com/firsthome today to use a free buy vs. rent calculator!
Monthly Cost Comparison: Compare
Rent for
Buy for
5.574% APR - 30-year loan
-
$225,000
Loan Payment (P&I)
-
$1,169
Taxes & Insurance
-
$313
Rent
$1,300
Monthly Payments
$1,300
$1,484
Monthly Interest
-
$900
Property Tax
-
$183
-
$1,083
.25%
.25%
Monthly Deductible Tax Rate Monthly Tax Savings
-
$271
$1,300
$1,484
Less Tax Savings
-
$271
Less Principal Reduction
-
$269
$1,300
$944
Monthly Payments
Compare actual monthly cost
The right choice… Your choice Insuring the home-ownership dream.