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Mortage vs Apartment living cost
Ms Sans Serif
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[quote:goodgoddess:MV8yMTQyODUzXzM2MTg5NzQ0XzZDQUE2QjU3] Apply for a Habitat House, if you qualify you get a zero interest loan. My 3 bedroom 2 bath house costs me $400.00 a month INCLUDING property tax and insurance. There's a catch though. Getting all your equity before it's paid off is not possible. after 15 years of a 30 year loan I am only eligible for 50% of the equity if I sell it! Hence the term "golden handcuffs", I couldn't find a comparable rental for that price. [/quote]
mortgage: 600$ monthly payment +
4,300 tax yearly/12months=358$
not too bad.....i guess
apartment living, i can get a very nice 2 bedroom w/ all utilities included for 750$
200$monthly difference lets say for the next 360 months=72000$ You'll be saving living in an apartment over the house.
Thats also not including all the extra fee's included with home ownership........insurance, upkeep, landscaping etc...etc..........FOR THE NEXT 30 years
What do you night owls think?
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