How is the monthly rent calculated in Requity Homes' program?

The monthly rent is calculated based on the home's purchase price and includes both rent and automatic down payment savings. This structure allows you to build toward homeownership while living in the home.

Breakdown Example - $350,000 Home:

With 2% Down Payment ($7,000 initial deposit):

Monthly Payment: $3,184

• Rent: $2,815 (covers housing costs, property tax, homeowner insurance)
• Savings: $368 (automatically builds your down payment)

With 5% Down Payment ($17,500 initial deposit):

Monthly Payment: $2,806

• Rent: $2,729
• Savings: $77

What's Included in Your Monthly Payment:

✅ Rent - The cost of living in the home
✅ Property Tax - Covered by Requity Homes (included in rent)
✅ Homeowner Insurance - Covered by Requity Homes (included in rent)
✅ Down Payment Savings - Automatically set aside each month toward your future purchase

What You Don't Pay:

• Separate property tax bills
• Homeowner insurance premiums
• Legal fees, title insurance, or land transfer taxes (we covered these at purchase)

Key Points:

📌 Buyback price increases by 5% annually - Locked in from day one
📌 You keep any market appreciation above 5% - Extra equity is yours
📌 Monthly savings build automatically - No need to transfer funds manually
📌 All savings count toward your down payment - When you're ready to buy
📌 Rent is comparable to market rates - But unlike regular renting, you're building equity

Your monthly payment is predictable and works toward homeownership, not just covering someone else's mortgage.

Want to see what your payment would be? Use our Rent-to-Own Calculator to estimate costs based on your target home price.