Lease Purchase Solutions
"Home Finder Program...

(Lease Option-Rent to Own)

Rent to Own Monthly Payment Calculator

Including Impounds
(Taxes and Insurance)


To determine approximately how much your monthly payment will be after you exercise your option to purchase fill in the yellow form below with the following numbers:

Years:  30
Interest Rate:  Daily Mortgage Statistics
Loan Amount:

 
Enter Purchase Price or
Fair Market Value of home
 
Annual Tax:
 
1% of the Purchase Price
 
i.e. If Purchase Price is $400,000 then 1% is $4,000
 
Annual Insurance: Estimate: 1/4 % of Purchase Price i.e. If Purchase Price is $400,000 then 1/4% is $1,000

Click Calculate to determine approximately what your monthly payments will be when you exercise your option to purchase.
NOTE: Your monthly income should be three times the monthly payment.

 For Example: If the monthly payment on your home is $3,000, then your monthly income should be $9,000 per month otherwise you are liable to lose your home in foreclosure.

This calculator will compute a mortgage's monthly payment amount based on the principal amount borrowed, the length of the loan and the annual interest rate. This calculator will also compute your total mortgage payment which will include your property tax, and property insurance payments.


 

Calculate Your Home Loan Payment...

 

Use this Calculator to figure out your monthly payment including insurance and real estate taxes.

Monthly Payment Calculator Including Taxes and Insurance

 

 

Years:

Interest:

Loan Amount:

Annual Tax:

Annual Insurance:

Results

Monthly Principal + Interest:

Monthly Tax:

Monthly Insurance:

Total Payment:


If your income is not approximately 3 times the total Payment amount
you may lose your home in foreclosure.


Please contact us for assistance with all of your financial planning needs.

 

 

  Sponsored by   Gar C. May
Address Lease Purchase Solutions. Ltd   Realtor
1357 Hornblend Street Telephone Facsimile e-mail
San Diego, CA 92109 858-272-5510 858-272-6135 gmay@san.rr.com