Bo Thompson
Your Subtitle Text
What makes me feel comfortable?
Bo Thompson
American Dreams Mtg
320 Nancy Lynn Ln Suite B
Knoxville TN 37919
Cell 865-621-1781
Direct 865-934-1665
bo@bothompson.com
Buy vs. Rent Comparison
The chart below shows a cost comparison for a renter and a homeowner over a seven-year period.
- The renter starts out paying $800 per month with annual increases of 5%.
- The homeowner purchases a home for $110,000 and pays a monthly mortgage of $1,000.
- After 6 years, the homeowner's payment is lower than the renter's monthly payment.
- With the tax savings of home ownership, the homeowner's payment is less than the rental payment after 3 years.
