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On-site Office:
(608) 829-0600
CLICK FOR ON-SITE HOURS

Agent's Office:
Lee Real Estate
(608) 216-0718

For the purposes of this model we used The Cypress 1 Bedroom, 1 Bathroom

Renting:

Purchase Price:

$0

Down Payment:

$0

Mortgage Amount:

$0

Principal Paid:

$0

Interest Paid:

$0

Taxes Paid:

$0

Condo Fees Paid:

$0

Total Payment:

$900

Net Monthly Payment:

$900 Per Month

Owning:

Purchase Price:

$144,900

Down Payment:

$7,245

Mortgage Amount:

$137,655

Principal Paid:

$137

Interest Paid:

$688 *Tax Savings: $117

Taxes Paid:

$278 *Tax Savings: $47

Condo Fees Paid:

$129

Total Payment:

$1,232 *Total Tax Savings: $164

*3% Annual Appreciation:

.03 x 144,900 = $4,437 per year.

Monthly Appreciation:

$4,437 / 12 = $362 per month

Net Monthly Payment:

$1,232
*($164) Total Tax Savings
*($362) Monthly Appreciation
$706 Net Monthly Payment

*Tax savings base on 17% tax bracket.

*Appreciation is not guaranteed, 3% is a conservative average in Dane county for the past few years.

*PMI not shown

(These figures are merely one possible scenario and should not be construed as an exact result)