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 | | | | | | | | | Contact Us Today to Schedule a Showing On-site Office: (608) 829-0600
Agent's Office: Lee Real Estate (608) 216-0718 |
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For the purposes of this model we used The Cypress 1 Bedroom, 1 Bathroom |
Renting:
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Purchase Price:
- $0
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Down Payment:
- $0
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Mortgage Amount:
- $0
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Principal Paid:
- $0
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Interest Paid:
- $0
-
Taxes Paid:
- $0
-
Condo Fees Paid:
- $0
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Total Payment:
- $900
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Net Monthly Payment:
- $900 Per Month
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Owning:
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Purchase Price:
- $144,900
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Down Payment:
- $7,245
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Mortgage Amount:
- $137,655
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Principal Paid:
- $137
- Interest Paid:
- $688 *Tax Savings: $117
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Taxes Paid:
- $278 *Tax Savings: $47
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Condo Fees Paid:
- $129
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Total Payment:
- $1,232 *Total Tax Savings: $164
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*3% Annual Appreciation:
- .03 x 144,900 = $4,437 per year.
- Monthly Appreciation:
- $4,437 / 12 = $362 per month
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Net Monthly Payment:
- $1,232
*($164) Total Tax Savings *($362) Monthly Appreciation $706 Net Monthly Payment
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*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)
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