Now here's a mortgage calculated upon the current 30 year interest rate of 3.75%. See how much you will be paying for the next thirty years. For example your monthly note for a $150,000, 4 bedroom house, with a 30 yr fixed rate of 3.75% and a FHA mortgage of 3% down would be roughly $674 per month.
Now, consider just the financial savings between buying and renting. In many of the urban areas of this country, a 4-bedroom apartment would rent for over $2,000 per month with the rent subjected to increase every year.
E-mail me at firstname.lastname@example.org and I'll send you a detailed home buying vs renting comparison. For a free consultation, call (773) 614-3201
Click here for a home that's for immediate sale in Chicago. All offers considered.