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Atlanta Lease Purchase New homes

Buying VS Lease Purchase in Atlanta

Easy Living Universal Design Homes for sale in Sandy Springs

Purchase Price $750,000

5680 Kayron Drive

Sandy Springs GA 30328

Buying VS Lease Purchase
Down payment (10%) $75,000
Mortgage (90%) $675,000
Mortgage Amount (6.625%) $4,322.10
Mortgage Insurance $292
Taxes & Insurance $750
Total Monthly Cost $5,364.10

Down-payment

$20,000

Mortgage

0

Lease Payment

5,000

Mortgage Insurance

0

Total Monthly Cost

$5,000

In the above example doing a lease purchase for two years instead of buying, there would be approximately $55,000.00* less in down payment. If you invested that savings in a CD account at the bank at 5%* it would yield approximately $5600* in interest for two years.

There is approximately $8640.00* in monthly payment savings in two years. If placed in a saving account (paying 2%*) each month would build to $8920.00*.

Your savings in two years would be $14,520*. if you divided that by 24 months you lease payment now becomes $4395* per month.

Or if you used your savings as additional down payment it would reduce you monthly payment by $93.10* per month saving a total of $33,516.00* over the life of the loan.

Note** These figures are estimates only and may or may not reflect the actual savings and payments. The actual numbers will be available at time of purchase.

Benefits of Buying Now

1. Build Equity as you own

2. Tax Deductions of interest paid .

3. Lock in purchase price.

4. Tax Deductions for property taxes paid.

Benefits of Lease Purchase Now

1. Build almost the Same Equity as you do when you own.

2. Reduced Down Payment

3. Reduced Monthly Costs.

4. Lock in Purchase Price.

5. Possible Reduced Credit Requirements

6. No Bank Qualifying

Custom Homes for sale in Sandy Springs GA

Purchase Price $899,800

3 Angus Trail

Sandy Springs GA 30328

Buying VS Lease Purchase
Down-payment (10%) $90,000
Mortgage (90%) $809,900
Mortgage Amount (6.625%) $5,186
Mortgage Insurance $388
Taxes & Insurance $900
Total Monthly Cost $6474*

Down-payment

$27,000

Mortgage

0

Lease Payment

6,000

Mortgage Insurance

0

Total Monthly Cost

$6,000

In the above example doing a lease purchase for two years instead of buying, there would be approximately $63,000.00* less in down payment. If you invested that savings in a CD account at the bank at 5%* it would yield approximately $6600* in interest for two years.

There is approximately $11376.00* in monthly payment savings in two years. If placed in a saving account (paying 2%*) each month would build to $11,700*.

Your total savings in two years would be $18,300*. if you divided that by 24 months you lease payment now becomes $4475* per month.

Or if you used your savings as additional down payment it would reduce you monthly payment by $93.10* per month saving a total of $42,580.00* over the life of the loan.

Lease Purchase Homes Sandy Springs

Purchase Price $729,800

5770 Garber Drive

Sandy Springs GA 30328

Sandy Springs lease purchase homes Lease purchase homes Atlanta
Atlanta Owner financing homes
Lease Purchase homes in Atlanta Atlanta Owner Financing Homes
Buying VS Lease Purchase
Down-payment (10%) $72,980
Mortgage(90%) $656,820
Mortgage Amount (6.625%) $3,626.19
Mortgage Insurance $465.24
Taxes & Insurance $524.99
Total Monthly Cost $4616.42*

Down-payment

$21,894

Mortgage

0

Lease Payment

4,600

Mortgage Insurance

0

Total Monthly Cost

$4,600

Note ** This numbers are used for illustrations only, final amounts may change based on credit history and amount of down-payment

Posted Monday Aug 18