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 |
Year |
Rent |
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 |