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Please help with choosing a townhome in Milpitas

2007-02-26 06:16:32 by nextgen2004

Its kbhome.com townhome located near Great Mall at Milpitas. Cost is $550,000 for 2Bedroom townhome, around 1300sf. I tried using rent-vs-buy calculator at
to see what makes sense for next 5 yrs (I want to move out of here in 5 yrs) and calculator suggests not to buy the home. What do you guys think about this ?
Price 550000, down payment 50000, rate 5.75%, HOA $320..mortgage/month approx $3000..estimated appreciation 4%.current rent $1200
Report I got:
>>>Your home purchase does not breakeven after 30 years

100k buy 30yr 4%w/10%down VS 1000rent,30yrs

2012-04-19 23:44:32 by Squigglezdeassworm

Should I rent or buy a home?
Based on the assumptions you have input:Back to Calculator
You would save approximately $421,474 (in today's dollars) by buying a home, rather than renting, over the 30 year timeframe you have entered.
Get Free Quotes
Rent vs. Buy Analysis Rent Buy
Rent and fees $837,129
Mortgage payments $154,683
Property insurance + $22,434
Property taxes + $56,085
Maintenance + $12,000
Opportunity cost (tied-up equity) + $59,707
Tax savings (interest/taxes) - $28,842
Appreciation - $224,340
Total c

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Volunteers ring out holiday spirit  — Santa Rosa Press Democrat
It's the Salvation Army's largest fundraiser by far, helping support a variety of programs for the needy across the county. This year there are 40 locations around the county, mostly outside grocery stores like Safeway and G&G Market.

Likely end of benefits hits long-term jobless  — San Angelo Standard Times
But opponents of the extension argue that the unemployment rate has been falling and that the program has already gone on much longer than after any previous recession. “I think most economists agree .. “I'll have to keep pulling money out of ..

Speed Equity Publishing How to Own Your Home Years Sooner & Retire Debt Free - USA ed.
eBooks (Speed Equity Publishing)

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