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Do you realize how much rent you really pay?
 
Per month 10 Years 15 Years 20 Years 25 Years 30 Years
$1,200 $252,449 $503,276 $907,236 $1,557,817 $2,605,585
$1,500 $315,561 $629,095 $1,134,045 $1,947,272 $3,256,982
$1,800 $378,673 $754,914 $1,360,854 $2,336,726 $3,908,378
$2,100 $441,785 $880,733 $1,587,663 $2,726,180 $4,559,774
$2,400 $504,898 $1,006,552 $1,814,472 $3,115,635 $5,211,171
$2,700 $568,010 $1,132,371 $2,041,281 $3,505,089 $5,862,567
$3,000 $631,122 $1,258,190 $2,268,090 $3,894,544 $6,513,963
$3,300 $694,234 $1,384,009 $2,494,899 $4,283,998 $7,165,360
$3,600 $757,346 $1,509,828 $2,721,708 $4,673,452 $7,816,756
$3,900 $820,459 $1,635,647 $2,948,517 $5,062,907 $8,468,152
$4,200 $883,571 $1,761,466 $3,175,326 $5,452,361 $9,119,549
$4,500 $946,683 $1,887,285 $3,402,135 $5,841,815 $9,770,945
$4,800 $1,009,795 $2,013,104 $3,628,944 $6,231,270 $10,422,341
Do you realize how much you pay in rent over a period of years? In addition to the monthly payment you should figure in the amount you would have accumulated had you invested your payments and earned 10 percent interest. This gives you a total picture of what's happening to your money. The rent you pay adds up to a sizeable sum.
 
Using this chart, find your per month rental payment and you can determine how much money you are "giving away" in rent and interest over 10, 15, 20 and 30 years...money which could be used to build equity in your own real estate.
 
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