Mortgage Payment versus Renting $0 $950.00 $1075.00 $1150.00
at Asbury Woods
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Real Estate Taxes $240.00 0 0 0
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Homeowners Insurance versus 50.00
Renters Insurance 20.00 20.00 20.00
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Duke Energy Even Billing $175.00 40.00 60.00 60.00
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Sewer & Water Expense 35.00 0 0 0
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Estimate Interior Home 50.00 0 0 0
Maintenance
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Estimate Exterior Home 50.00 0 0 0
Maintenance
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Estimate Interior Home 50.00 0 0 0
Maintenance
Lawn Mowing, Leaf and Snow
Removal, etc
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Total Monthly Expenses $534.00 $1010.00 $1155.00 $1230.00
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Additional Monthly Income 0 (490.00) (490.00) (490.00)
Received from Investing House
Sale Proceeds ($196,000) in
Three (3%) Percent
Monthly Distribution Annunity
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NET COST of Homeownership $534.00 $520.00 $665.00 $740.00
versus
Renting Your New Home at
ASBURY WOODS
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* Actual Figures for a house located at 6760 Salem Rd. in Mt Washington which sold for $196,000 on September 28, 2009.
Utilities, insurance, water & sewer received from Duke Energy, Cincinnati Water Works and insurance agent, etc.