Okanagan Rent To Own http://www.OkanaganRentToOwn.com

Okanagan Rent To Own.com

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The following table shows the differences (or lack of difference) between Owning today and Rent-To-Owing for the future.

Features

You hold today's price for the future - you do not loose out on the equity - if your home goes up in value - you keep the equity.

Your initial "down payments" - are smaller than purchasing

We save the money for you and give it back to you as you "real" down payment

You prove to the banks that "Yes" you can make a mortgage payment!

 DescriptionBankRentRent2Own
Day 1Purchase Price300,000  
Down Payment-15,000 6,000
Deposit 800800
CMHC7,838  
Legal Fees1,000  
TOTAL293,8388006,800
     
MonthlyMortgage1,880  
Rent 1,6001,600
Option Fee  52
Savings  228
TOTAL1,8801,6001,880
     
36 Months LaterPurchase Price300,000  
Savings Plan-8,200 -8,200
Down Payment Return-6,000 -6,000
Deposit Return-800 -800
CMHC7,838  
Legal Fees1,000  
 293,838 -15,000
     
MonthlyMortgage1,880  
Rent   
Option Fee   
Savings   
TOTAL1,880  

All of the numbers are based on $300,000 home with 5% Down payment, 6% Canadian Mortgage over 25 years