Home buying tips for beginners

3. Exercise How rent increases with inflation? See excel 4.00 in 60 years $7,363.74 10.52 $700.00 4.00 in 50 years $4,974.68 7.11 $700.00 4.00 in 40 years $3,360.71 4.80 $700.00 4.00 in 30 years $2,270.38 3.24 $700.00 4.00 in 20 years $1,533.79 2.19 $700.00 4.00 in 10 years $1,036.17 1.48 $700.00 Annual Inflation rate Projected Rent Annual Inflation Rate Your Current Monthly Rent

6. Home Buying – Best Advantage Coming back to home after a long day of work, PRICELESS !!!???? - You get to live and enjoy, while it grows.

7. Home Buying – Calculations $ 244098 extra amount over 30 years $ 104630.40 extra amount over 15 years $ 469098 total payment $ 329630.4 total payment $ 1303.05 per month $ 1831.28 per month 5.68% 5.44% 30 year Mortgage 15 year Mortgage Loan Amount = $ 225 000

9. Calculations – That’s Not All At max 5 % $11,250 One Time Closing Cost Based on Tax Bracket -$ 4847.36 p.a Tax saving (31 % * yearly mortgage) $1,771.80 Total Monthly payments $187.50 Maintenance Cost $281.25 Insurance ??? Property Tax (if applicable) $1,303.05 Mortgage Payment Loan Amount $ 225000

11. Calculations – If you are interested 0 $0 30 Year 30 30.1878089 $67,922.57 25 Year 25 52.9274133 $119,086.68 20 Year 20 70.0565022 $157,627.13 15 Year 15 82.9593511 $186,658.54 10 Year 10 92.6786978 $208,527.07 5 Year 5 100 $225,000 0 Year 0 Remaining Balance in Percent Balance Amount $225,000 Total Payment

12. Calculations – If you are interested

13. Calculations – If you are interested 15,165.96 470.65 30 9,107.15 6,529.46 25 8,605.43 7,031.18 20 6,482.22 9,154.38 15 4,882.87 10,753.74 10 3,678.13 11,958.48 5 0 0 0 Principal Amount Interest Amount Years

14. Calculations – If you are interested