Use the calculator to determine your rent to own house
payment. Also, you should consider your total costs of
home ownership. Seller financing in a rent to own
home program generally does not include property
taxes, insurance and utilities. So remember to budget
accordingly. If you are not sure how rent-to-own
homes works CLICK HERE.
NOTE- the amounts below for insurance and taxes are
only for this hypothetical example. Actual amounts will
vary. Always check with the seller for actual amounts.
For Example, the rent to own house you want is
$150,000.
- RTO Purchase price $ 150,000.
- 10% Down Payment -15000.
- Loan Amount 135,000
- PMT. 5 % for 30 years. 724.71
- Homeowners (avg.) insurance 50.00
- Property Taxes 100.00
- TOTAL $ 874.71
For only $874.71per month you can
own a home!
Prices on homes are the lowest in seven years!
It is time to get rid of the ball and chain of rent payments. Perhaps you were declined for a mortgage loan. Not
here, chances are you will be approved for an owner finance loan for a rent to own or lease purchase home.
Right now is perhaps the greatest time in history to buy a home as for sale by owners are offering owner
financing, lease option to buy and rent to own homes in record numbers! Home sellers (FSBO) and rent-to-own
Realtors are looking for buyers. Now is the time to buy before home prices creep back up!
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LEASE PURCHASE, RENT TO OWN HOME LOAN MORTGAGE CALCULATOR
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