The No-Brainer Debate: Why Rent When You Can Own for LESS
If you’re questioning whether now is a good time to buy, take into consideration what you are paying for rent, what a new home costs, and today’s interest rates. In San Francisco, when you compare average rents with the low cost of ownership at 5800 Third Street, the answer is an unqualified YES! And with mortgage rates at an all-time low, according to CNN Money, you will actually SAVE a substantial amount each month when you purchase one of our spacious homes with private balconies, energy star appliances, in-building parking and much, much more.
Here’s an example: A renter paying $2,500/month for a two bedroom apartment could pay just $1,732 a month – or less – for a mortgage and full home-ownership! That example assumes a sales price of $375,000 with a 20% down payment and reflects after-tax savings of approximately $407. It also includes HOA dues, property taxes, and principal and interest on a 30-year fixed rate loan amortized over 30 years at 4.125%. But if you act fast, you can get an even lower interest rate now! PLUS we can work with you on a lower down payment, which will still put you (way) ahead, both now and in the future! With tax season upon us, call us to find out how much you can save by purchasing a beautiful new home. So hurry, payments may change with interest rate, credit score, purchase price and other variables, and terms can change quickly. Call us today, at 415-822-3800.