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Rick's Cell/Text 352-474-8666
Realtor Rick A Goretski
Rick's Cell/Text: 407.497.5156
Toll Free 866.791.1035
Real Cost of Renting!
 The REAL Cost of Renting

What YOU Will Spend for Rent over the next 5 years.


Monthly Rent

$800

$900

$1000

$1100

$1200

$1300

$1400

$1500

$1600

You’ll Pay

You’ll Pay

You’ll Pay

You’ll Pay

You’ll Pay

You’ll Pay

You’ll Pay

You’ll Pay

You’ll Pay

This Year

$9,600

$10,800

$12,000

$13,200

$14,400

$15,600

$16,800

$18,000

$19,200

Next Year

$9,576

$11,448

$12,720

$13,992

$15,264

$16,536

$17,808

$19,080

$20,352

3rd Year

$10,150

$12,134

$13,483

$14,831

$16,179

$17,528

$18,876

$20,255

$21,573

4th Year

$10,794

$12,862

$14,921

$15,720

$17,149

$18,580

$20,008

$21,438

$22,867

5th Year

$11,404

$13,633

$15,148

$16,663

$18,177

$19,695

$21,208

$22,724

$24,239

TOTAL

$51,524

$60,877

$67,642

$74,406

$81,169

$87,939

$94,700

$101,467

$108,231


Cost comparison for a renter and a homeowner over a 5 year period.

  • The renter starts out paying $800/month with an annual increase of 5%.
  • The homeowner purchases a home for $110,000 with a monthly mortgage of $1,000.
  • After 6 years the homeowner's payment is Lower than the renter's monthly payment.
  • With the tax savings of home ownership, the homeowner's payment is Less than the rental payment after only 3 years.

Year

 Rent 
Payment  

Mortgage Payment

Monthly Difference

Monthly After Tax Savings

Yearly Difference

Yearly After Tax Savings

1

800

1000

-200

-50

-2400

-600

2

840

1000

-160

-10

-1920

-120

3

882

1000

-118

+32

-1416

+384

4

926

1000

-74

+76

-888

+912

5

972

1000

-28

+122

-336

+1464

6

1021

1000

+21

+171

+252

+2052


 
 
 

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Capital Realty Group Florida
138 E. Colonial Dr. • Orlando, FL 32801
Rick's Cell/Text: 407.497.5156 • Toll Free 866.791.1035
Personal Fax 866.707.7373


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