Slides
- 3. The renter starts out paying $1000 per month with annual increases of 5%.The homeowner purchases a home for $132,000 and pays a monthly mortgage of $1,200 +864 +72 1000 1072 7 +252 +21 1000 1021 6 -336 -28 1000 972 5 -888 -74 1000 926 4 -1416 -118 1000 882 3 -1920 -160 1000 840 2 -2400 -200 1000 800 1 Yearly Difference Monthly Difference Mortgage Payment Rent Payment Years