Why Rent?

 

 

Average monthly rental price

for a 3 bedroom apartment:                                                                       $750

 

 

 

 

Total Monthly Cash outlay at Golden Hills:             

Lot Rent per month                                                                $219                   

Monthly mortgage payment*                                                 $375

            TOTAL MONTHLY CASH OUTLAY                               $594

 

 

Why rent when you can build some equity with a mortgage and

 pay less money per month?

 

* A down payment of $7,000 and a 30-year mortgage of $45,000 at 7% produces a monthly payment of $375 (taken from Bank of America mortgage calculator).  This amount DOES take into consideration property tax and homeowner’s insurance.  This information is supplied for comparison only and is not intended to influence any financing decision(s).  For exact amounts, please talk to a mortgage counselor (Washington Mutual is highly recommended by Golden Hills Management).