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  • Writer's pictureNicci Knows Philly Homes

Mortgage VS Rent: Port Richmond Edition

Let's get ready to rumble! It's the age old debate: Buying VS Renting. No spiel here. Let's take a look at a $1250/month house mortgaged, versus a $1300/month house rented in Port Richmond.

29XX Chatham Street - $199,999.00

2 Bedroom, 1 Bathroom - 928 Square Feet

$1250/month Mortgage (Taxes & Insurance Included)

HomeReady Loan: 3% down, No PMI, 4.5% Interest Rate ($12K-$18K Down Payment + Closing Costs)

36XX Salmon Street

2 Bedroom, 1 Bathroom - 900 Square Feet

$1300/Month (One Year Lease)

3 Months Up Front ($3900.00)

$15,600.00 Over the Life of the Lease

Comment below and let us know what you think of this comparison! How much is your monthly rent?

Also, don't forget to register for our FREE First Time Home Buyer's Workshop.

This event will take place Wednesday, April 17th from 6PM-7:30PM at the Richmond Library.

Hear from a local Realtor, a local Home Inspector & a local Mortgage Expert.

One participant will win a free home inspection! ($395.00 Value)

Click the flyer below to RSVP and claim your space.



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