粤11选5遗漏:Home Buying Guide: Renting vs Owning

One Day My Renting Life Will Be Over. ONE Day Is NOW.

Think you can't afford a new home? Let's take a closer look.

Building Equity

Nearly all of us pay a monthly housing payment. Some pay a landlord, others pay a mortgage company. In both cases that payment is building equity in the place where you live. The question is, whose equity are you building? Equity for you and your family, or for your landlord?

Doesn't it make sense to explore the option of owning your own new home? You may be surprised at the affordability.

New Home Buyers

Affordability

Many renters think that they just can't afford a new home. And they are pleasantly surprised to find that a house payment is very comparable to their monthly rent, when considering the after tax equivalent. Most of a new house payment is made up of mortgage interest and real estate taxes (up to 90% of the monthly payment is some cases).

Since these are tax deductible, the actual cost of the after tax equivalent mortgage payment is much less than you think. The exact amount is determined by your specific tax situation.

Adj. Gross Income $90,000
Tax Bracket 21%
Monthly Rent $2,000
After Tax Equivalent $2,336

Sample Information to show how
affordable a New Shea Home can be

Rent Vs. Own Calculator


Case Studies

Let's take a look at some typical 1st time buyer case studies. These people were paying rent and considering making the move to buying a new home.

building a new home

Current Rent: $2,400
Income: $150,000
Down Payment: $19,000
Down Payment %: 5%
Loan Amount: $395,000
Interest Rate: 5.00%
Mortgage Payment: $2,292
1st Year Tax Savings: $3,923

Jack & Jill were both 4 years out of college and were married 2 years ago. They both had good careers but were concerned about their long-term financial future. They didn't think they could afford a new home and were uncertain about the overall market.

new home building

Current Rent: $1,450
Income: $70,000
Down Payment: $8,000
Down Payment %: 3.5%
Loan Amount: $205,000
Interest Rate: 4.375%
Mortgage Payment: $1,342
1st Year Tax Savings: $1,335

As a single mom, Mary was well aware of the financial hardships of a limited income. She had a good job but was sure she was destined to pay a landlord for the foreseeable future.

new home buyers

Current Rent: $2,200
Income: $120,000
Down Payment: $15,000
Down Payment %: 5%
Loan Amount: $295,000
Interest Rate: 6.125%
Mortgage Payment: $2,261
1st Year Tax Savings: $3,594

A job loss, mounting debt, and poor credit had Dick and Jane convinced it would be a long time before they could think about owning a home. But with the help of Shea Mortgage's Customer Plus+ program, they realized their dream in a fraction of the time they had originally expected.


home buying tips
Shea Blog

What to Expect: Buying vs. Building a New Home

It’s decided. Your dream home from a few years ago is just no longer your dream home today. The single sink in the master bathroom isn’t cutting it. The kids are getting bigger and sharing a room really is not feasible anymore. And, no matter how many late-night Pinterest sessions you’ve embarked upon, that awkwardly […]

Jun 6 at 4:09 PM • Shea Blog
  • 比利时VS巴拿马首发公布 卡拉拉斯、维特塞尔中超双子星在列 2019-02-20
  • 热巴窦骁携手演绎经典神话 2019-02-20
  • (受权发布)2017年美国的人权纪录和2017年美国侵犯人权事记 2019-02-03
  • 侏罗纪猜想证实 山东郯城发现300个恐龙足迹 2019-01-26
  • 别急着买房 4种砍价技巧帮你存下私房钱 ——凤凰网房产北京 2019-01-18
  • 雄安新区落实中央环境保护督察“回头看”整改任务 2019-01-18
  • “缺少他的当代学术史是不完整的” 2018-12-16
  • 自主旗舰新选择 试驾博瑞1.8T 旗舰4G版 2018-12-16
  • 2026世界杯花落北美三国 2018-12-08
  • 女性之声——全国妇联 2018-12-08
  • 这些“专家”说得相当不靠谱,没有一个说到点子上。事实上不仅“农民没有富起来”,广大工薪阶层也“没有富起来”,其根本原因在于社会财富被个人占为私有的私有... 2018-12-02
  • 河北千名贫困儿童脊椎健康救助公益活动正式启动 2018-11-30
  • 科普中国形象大使、北京大学地球与空间科学学院研究员王玲华做客人民网 2018-11-26
  • 粽情粽意 传承文明———我们的节日2018端午节 2018-11-17
  • 学习贯彻落实习近平总书记重要讲话精神 2018-11-04
  • 648| 422| 98| 101| 545| 204| 244| 493| 794| 643|