An example of a Rent-to-own property
               
Analysis of a Rent-to-own/Lease Option for the Renter/Home buyer
               
               
Current Value            
of the house     $ 185,000  
               
               
    1 Year Lease Option 3 Year Lease Option
               
Initial Deposit     $6,000     $6,000
               
Monthly Rent     $1,188     $1,188
               
Monthly Option             
Premuim     $188     $188
               
Total Monthly            
Payment     $1,375     $1,375
               
Additional Monthly            
Option Bonus     $200     $200
               
Purchase price of             
house at the end            
of the lease term $   189,625 $   209,062
               
Down Payment            
Credit at purchase     $10,650     $19,950
               
% Down available            
at the end of lease     6%     10%
               
               
Monthly mortgage            
payment after             
purchase      $1,153.14     $1,218.45
Interest rate     6%     6%