What Is Your Annualized Return on Investment?

Let's say that it wasn't old, it didn't require much maintenance. So servatively, point five % for maintenance per year. That's five thousand dollars a year. And then you've got the closing costs when you purchased the home. Typically this is between 3 and 4 % of the total value of the home. With a 30 year fixed rate mortgage and a three % interest rate, you'd have about 100 and forty two thousand, 250 dollars left on your mortgage to pay back the bank.