Santa Rosa, California Buyers, Rent vs. Own Scenarios as explained on the Real Estate Hour, January 31, 2010.

In Sonoma County, California Buyers should read these two Rent vs. Own scenarios:   Chart #1 shows two options for a $300,000 home. Option #1 shows the comparison between an $1750.00 a month rental vs. the “after tax savings” payment for a $300,000 home with 10% down. Option #2, same home with 20% down. Chart #2 shows two options for a $350,000 home. option #1 shows the comparison between an $1850.00 month rental vs the “after tax savings” payment for a $350,000  home with a 3.5% down FHA loan. Option #2, same home with 5% down payment. You should speak to your tax professional for your individual tax savings. For any questions or a more personalized scenario, don’t hesitate to call Allison @ 707-799-3617