RENT VS. OWN
CAN I AFFORD TO BUY A PLACE OF MY OWN?
Circa West's efficient floor plans and attainable pricing fill a void in the Denver housing market. Traditionally, moving up from a studio apartment requires purchasing a larger, more expensive condo or a single family home which comes with added responsibilities of home ownership. Conversely, Circa West offers a fresh, modern community in which residents can own their home and build equity while maintaining a balanced lifestyle at an attainable price.
HOW DOES OWNING AT CIRCA WEST COMPARE TO RENTING?
Located near Circa West is a for-rent community currently leasing a 478 SF studio for $1,250 per month. Over the course of one year you'll pay $15,000 in rent. If you continue to rent for five years and maintain the same monthly rate you'll pay $75,000... and have no equity.
WHAT ABOUT CIRCA WEST?
Meet Suite 114: one of our Metro floor plans with 469 SF.
Suite 114 is listed at $190,000 with monthly HOA dues of $270. The only thing you need to pay for is electricity, cable and Internet.
We estimate taxes for Suite 114 will be $1,058 per year. Additionally, you'll need an H06 homeowner's insurance policy which we estimate to be $600 per year.
With 20% down, your total monthly payment could be as low as $1,135.00 per month before considering additional tax benefits of owning a home!!
- OR -
List Price: $165,000
HOA Dues: $214/month
Estimated Taxes: $925/year
With 20% down your total monthly payment may be as low as $973/month!
DOES IT SEEM TOO GOOD TO BE TRUE?
Circa West offers a realistic alternative to renting and allows you to start building equity immediately. Even if you don't have a 20% down payment saved there are many loan programs which allow you to put as little as 3.5% down, or less! Speak with our preferred lender today to learn more. Home ownership is closer than you think!
INTERESTED IN LEARNING MORE?
Hypothetical monthly mortgage payments reflect hypothetical Principal & Interest amounts rounded to the nearest dollar amount and do not include insurance, taxes, or other possible fees. Hypothetical interest rates, mortgage payments, and home prices reflect a hypothetical scenario of a 30-year fixed mortgage loan with a 20% down payment intended to demonstrate comparisons over time. These figures and rates are for educational purposes only and do not reflect an official mortgage loan offer.Copyright©2019 Fairway Independent Mortgage Corporation. NMLS#2289. 4750 S. Biltmore Lane, Madison, WI 53718, 1-866-912-4800. All rights reserved. This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations may apply. Equal Housing Lender.