Purchase Price

The Purchase Price represents the agreed upon sale price of the property.

Initial Option Payment Amount

The Initial Option Payment Amount represents the agreed upon percentage of the Purchase Price and is the initial installment to the Purchase Option.

Subsequent Option Payment Amount

The Subsequent Option Payment(s) Amount represents the remainder of the Full Option Payment and is paid out over the term of the Option to Purchase Agreement.

Full Option Payment Amount

The Full Option Payment(s) Amount represents the total of the Initial Option Payment Amount and the Subsequent Option Payment(s). This Amount typically represents 20% of the Purchase Price.

Monthly Lease Payment

The Monthly Lease Payment is the equivalent of the monthly rent, that is formally dictated under a contract between two parties, granting one participant the legal right to use the other individual’s real estate holdings.

Balance Due at Signing

The Balance Due at Signing is the Initial Option Payment, Lease Application Fee and the first months Lease Payment. This amount reserves the property, pending application approval.

No Monthly Lease Payment Increases!

Due At Signing $1,000
Year 1 $1,000
Year 2 $1,000
Year 3 $1,000
Year 4 $1,000

No Purchase Price Increases!

Lease2OwnAmerica’s Purchase Price DOES NOT increase by 3.25%-5% like many of our competitors.

In the example above, if the Purchase Price of the home is $100,000, Your Purchase Option Price for Years 1-5 is as follows:

Due At Signing $100,000
Year 1 $100,000
Year 2 $100,000
Year 3 $100,000
Year 4 $100,000

There will be additional closing costs that the Tenant/Buyer will incur when they exercise the Option to Purchase and become a traditional homeowner. These include mortgage and financing fees, appraisal fees, transfer taxes, attorneys’ fees, title insurance. As a result, actual total costs to exercise the Option to Purchase will vary.


Your Option Payments are Credited to your Option Purchase Price!

Upon full payment of the Full Option Payment, Lease2OwnAmerica shall credit the amount of the Full Option Payment to the Purchase Price of the property.

The Full Option payment is typically 20% of the agreed upon Purchase Price. In the example below the Purchase Price is $100,000. Therefore, the 20% Full Option Payment of the Purchase Price is $20,000. Lease2OwnAmerica’s program can allow this to be paid over 5 years in this scenario. At time of leasing the property you will put down your first option payment of $5,000 (5% of the agreed upon Purchase Price). Then over the next 4 years you will pay $3,750 each year until the Full Option Payment is reached of $20,000. This amount once you elect to execute your Option to Purchase is credited to the Original Agreed upon Purchase Price of the Home of $100,000 reducing the amount you owe to $80,000!*

Due At Signing $5,000
Year 1 $3,750
Year 2 $3,750
Year 3 $3,750
Year 4 $3,750

*There are additional costs that the resident will incur if they exercise the Option to Purchase such as closing costs to purchase the home, including transfer taxes, attorneys’ fees, title insurance, and the cost of a mortgage loan. As a result, actual total costs to exercise the Option to Purchase will vary.

Here’s a Sample of the Whole Picture!

Mo. Lease Payment Option Payment Purchase Price
Due At Signing $1,000 $5,000 $100,000
Year 1 $1,000 $3,750 $100,000
Year 2 $1,000 $3,750 $100,000
Year 3 $1,000 $3,750 $100,000
Year 4 $1,000 $3,750 $100,000

Click Here to View or Download an Actual Sample of a $100,000 Pre-Agreement Worksheet


Execute Option to Purchase Est. Mortgage Payment Total Option Credit Remaining Purchase Price
$0 $734** $20,000 $80,000

**Payment based on 30 year term. 5.5% interest rate. $454 in Principle and Interest. $221 in Homeowners insurance. $59 in Property Tax Source: BankRate.com


Participation in Lease2OwnAmerica’s program is available solely for consumer purposes and subject to approval. To exercise an Option to Purchase after entering into the contract, a resident must obtain their own financing such as a mortgage loan from a third party lender or pay cash. Lease2OwnAmerica™ is not a mortgage company, does not have any obligation to provide or arrange a mortgage loan, and cannot guarantee that a resident will be able to obtain a mortgage loan. Corporate Site Managed by Jana Fariss.

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