THE RENT YOU PAY...
COULD BUILD EQUITY IN YOUR OWN REAL ESTATE
Do you realize how much you pay in rent over a period of years? In addition to the monthly payment you should figure in the amount you would have accumulated had you invested your payments and earned 10 percent interest. This gives you a total picture of what's happening to your money. The rent you pay adds up to a sizable sum.
Using this chart, find your per month rental payment and you can determine how much money you are "giving away" in rent and interest over 10, 15, 20, or 30 years...money which could be used to build equity in your own real estate.
|
Per Month
|
10 Years
|
15 Years
|
20 Years
|
25 Years
|
30 Years
|
|
$700
|
$ 143,391.00
|
$290,129.00
|
$531,558.00
|
$ 928,783.00
|
$1,582,341.00
|
|
750 |
153,634.00
|
310,853.00
|
569,527.00
|
995,125.00
|
1,695,366.00
|
|
800 |
163,876.00
|
331,576.00
|
607,495.00
|
1,061,467.00
|
1,808,390.00
|
|
850 |
174,118.00
|
352,280.00
|
645,464.00
|
1,127,808.00
|
1,921,415.00
|
|
900 |
184,360.00
|
373,023.00
|
683,432.00
|
1,194,150.00
|
2,034,439.00
|
|
1,000
|
194,603.00
|
393,369.00
|
759,369.00
|
1,326,833.00
|
2,260,488.00
|
|
1,100
|
225,329.00
|
455,917.00
|
835,306.00
|
1,459,517.00
|
2,486,537.00
|
|
1,200
|
245,814.00
|
497,364.00
|
911,242.00
|
1,592,200.00
|
2,712,585.00
|
|
1,300
|
266,298.00
|
538,811.00
|
987,179.00
|
1,724,883.00
|
2,938,634.00
|
|
1,400
|
286,783.00
|
580,259.00
|
1,063,116.00
|
1,857,567.00
|
3,164,683.00
|
|
1,500
|
307,267.00
|
621,705.00
|
1,139,053.00
|
1,990,250.00
|
3,390,731.00
|
|
1,600
|
327,752.00
|
663,152.00
|
1,214,990.00
|
2,122,933.00
|
3,616,780.00
|
|
1,700
|
348,236.00
|
704,599.00
|
1,290,927.00
|
2,255,616.00
|
3,842.828.00
|
|