If You're Not Visiting...
You're Missing Out!

Lunch is on us.
Stop by and tour our communities to receive a free $25 gift certificate to a local restaurant.

Now's the Time!

There has never been a better time to purchase a condo from Bruner Realty. Why?
Share

Stop Flushing Away Rent

The Financial Benefits of Owning

  • Harbor House 1 Bedroom - 5 Year Comparison

    Seeing is believing. You owe it to yourself to check these out!
    Rent Own
    Purchase Price   $ 94,900.00
    Down Payment (3.5%)   $ 3,325.00
    Amount Financed   $ 91,575.00

    Monthly Principle and Interest Payment

       (Includes private mortgage insurance)

    		   $ 467.00
    Estimated Monthly Real Estate Taxes
    (Estimate based on previous year)    		   $ 150.00
    Current Monthly Condo & Parking Fees
    		   $ 125.00
    Monthly Payment Before Tax Savings $ 750.00 $ 742.00
        x 60 months
    Total 5 Year Payments $45,000.00 $ 44,520.00
    Down Payment $0.00 $ 3,325.00
    Out-of-Pocket Cost $45,000.00 $ 47,845.00
    Principle Reduction $ 0.00 $ 9,086.00
    Tax Deductions $ 0.00 $ 6,112.00
    True Cost of Renting vs. Owning $ 45,000.00 $ 32,647.00


    Bottom Line: Save $12,353 over the next 5 years by owning versus renting

    Savings do NOT include any appreciation in the value of the condominium


    Details of Calculations Above

    Assumes 3.75% interest rate locked for 5 years with a 30 year loan/amortization and that buyer is in a 20% federal income tax bracket.

    An interest rate of 4.5% can be obtained for those who desire a 30 year fixed interest rate loan.  This loan assumes the seller buys the interest rate down 0.25%, but the monthly payments for this loan are only $40 more than the scenario above.  Total monthly payments will therefore be $782. See one of our agents today to learn more!

    Hurry! Prices and rates subject to change.

  • Harbor House 2 Bedroom - 5 Year Comparison

    Seeing is believing. You owe it to yourself to check these out!
    Rent Own
    Purchase Price   $ 118,900.00
    Down Payment (3.5%)   $4,165.00
    Amount Financed   $ 114,735.00

    Monthly Principle and Interest Payment

       (Includes private mortgage insurance)

    		   $ 584.00
    Estimated Monthly Real Estate Taxes
    (Estimate based on previous year)    		   $ 186.00
    Current Monthly Condo & Parking Fees
    		   $ 145.00
    Monthly Payment Before Tax Savings $ 900.00 $ 915.00
        x 60 months
    Total 5 Year Payments $54,000.00 $ 54,900.00
    Down Payment $0.00 $ 4,165.00
    Out-of-Pocket Cost $54,000.00 $ 59,065.00
    Principle Reduction $ 0.00 $ 11,384.00
    Tax Deductions $ 0.00 $ 7,600.00
    True Cost of Renting vs. Owning $ 54,000.00 $ 40,081.00


    Bottom Line: Save $13,919 over the next 5 years by owning versus renting

    Savings do NOT include any appreciation in the value of the condominium


    Details of Calculations Above

    Assumes 3.75% interest rate locked for 5 years with a 30 year loan/amortization and that buyer is in a 20% federal income tax bracket.

    An interest rate of 4.5% can be obtained for those who desire a 30 year fixed interest rate loan.  This loan assumes the seller buys the interest rate down 0.25%, but the monthly payments for this loan are only $50 more than the scenario above.  Total monthly payments will therefore be $965.  See one of our agents today to learn more!

    Hurry! Prices and rates subject to change.


  • Stonebridge 1 Bedroom - 5 Year Comparison

    Unbelievable Quality at an Unbelievable Cost
    Rent Own
    Purchase Price   $ 68,900.00
    Down Payment (3.5%)   $ 2,415.00
    Amount Financed   $ 66,485.00
    Monthly Principle, Interest, & PMI Payment   $ 337.50
    Estimated Monthly Real Estate Taxes
    (Based on 2009 property taxes)    		   $ 120.00
    Current Monthly Condo & Parking Fees
    		   $ 152.00
    Monthly Payment Before Tax Savings $ 650.00 $ 609.50
        x 60 months
    Total 5 Year Payments $39,000.00 $ 36,570.00
    Down Payment $0.00 $ 2,415.00
    Out-of-Pocket Cost $39,000.00 $ 38,985.00
    Principle Reduction $ 0.00 $6,598.00
    Tax Deductions $ 0.00 $ 4,607.00
    True Cost of Renting vs. Owning $ 39,000.00 $27,780.00


    Bottom Line: Save $11,220 over the next 5 years by owning versus renting

    Savings do NOT include any appreciation in the value of the condominium


    Details of Calculations Above

    Assumes 3.75% fixed interest rate locked for 5 years with a 30 year loan/amortization and that buyer is in a 20% federal income tax bracket.

    An interest rate of 4.5% can be obtained for those who desire a 30 year fixed interest rate loan.  This loan assumes the seller buys the interest rate down 0.25%, but the monthly payments for this loan are only $30 more than the scenario above.  Total monthly payments will therefore be $639.50. See one of our agents today to learn more!

    Hurry! Prices and rates subject to change.


  • Stonebridge 2 Bedroom - 5 Year Comparison

    Unbelievable Quality at an Unbelievable Cost
    Rent Own
    Purchase Price   $ 84,900.00
    Down Payment (3.5%)   $ 2,975.00
    Amount Financed   $ 81,915.00
    Monthly Principle, Interest, & PMI Payment   $ 417.50
    Estimated Monthly Real Estate Taxes
    (Based on 2009 property taxes)    		   $ 150.00
    Current Monthly Condo & Parking Fees
    		   $ 175.00
    Monthly Payment Before Tax Savings $ 800.00 $ 742.50
        x 60 months
    Total 5 Year Payments $48,000.00 $ 44,550.00
    Down Payment $0.00 $ 2,975.00
    Out-of-Pocket Cost $48,000.00 $ 47,525.00
    Principle Reduction $ 0.00 $ 8,128.00
    Tax Deductions $ 0.00 $ 5,940.00
    True Cost of Renting vs. Owning $ 48,000.00 $ 33,457.00



    Bottom Line: Save $14,543 over the next 5 years by owning versus renting

    Savings do NOT include any appreciation in the value of the condominium


    Details of Calculations Above

    Assumes 3.75% fixed interest rate locked for 5 years with a 30 year loan/amortization and that buyer is in a 20% federal income tax bracket.

    An interest rate of 4.5% can be obtained for those who desire a 30 year fixed interest rate loan.  This loan assumes the seller buys the interest rate down 0.25%, but the monthly payments for this loan are only $35 more than the scenario above.  Total monthly payments will therefore be $777.50.  See one of our agents today to learn more!

    Hurry! Prices and rates subject to change.


The Real Cost of Renting



Recommended Lenders

Steve Swieciak
Loan Officer
Website

Click to View Historically Low Rates
Mary Byrd
Mortgage Banking Officer
Website
Learn more about loan programs that can assist you with the purchase of your new condo:

Loan Calculator

Enter the loan amount in box 1 with no commas or dollar signs (example: 124900).
Enter the Annual Percentage Rate in box 2 (example: 6.25).
Enter the term of the loan in years, then click Compute.
Enter Loan Information:
1) Amount of the loan:
2) Annual Percentage Rate:
3) Payment period in years:
(Typically 30 years)


Payment Information:
Your monthly payment will be*:
*DOES NOT INCLUDE TAXES OR CONDO FEES

Rent to Own Program

  • Buyer must be prequalified by one of our acceptable lenders. Buyer is not required to use this lender for the end loan.
  • Buyer must have history of good rental references.
  • Buyer will be living in the condo unit he or she wishes to buy.
  • A contract for rent will be signed with buyer understanding that in the event he or she does not qualify at the end of the term, the earnest funds in the trust will be transferred to the rental account.
  • The rental contract will state that excessive damage can be charged to buyer in the event the transaction does not close.
  • One month's rent will be collected for security deposit and held in a trust account to be put towards earnest money.

Down Payment Assistance Information

Copyright © 2010, Bruner Realty & Management, Inc.
Site by: Adesys