Wednesday, June 17, 2009

Rent vs. Mortgage

There are condos in San Diego for sale starting in the low $100,000.00’s. I just closed a loan for a condo in Oceanside, the sales price was $89,000.00!

There are houses in San Diego for sale starting in the low-mid $200,000.00’s

Your estimated payment*:
$100k = $640.00 a month including property taxes!
$200k = $1281 a month including property taxes!
$300k = $1922 a month including property taxes!


(*Payment example is based on 30 year fixed mortgage at 5% interest. Rates are subject to change without notice. Payment does not include any insurance or HOA fees. Property taxes calculated at 1.25%)

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