Discover how much you can afford through our rent-to-own program

Ready to start your rent-to-own journey? Use our calculator to find out how much you can afford through our rent-to-own program. By entering a few key details about your household income, your minimum monthly debt obligation, and how much you’ve saved for a down payment, the calculator will provide you with an estimated home shopping budget that may be within reach.    

Step 1 of 3
What is your monthly household income?
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Requity Homes’ rent-to-own program requires a minimum of $4,200 a month.
Next
Start by providing your gross monthly household income. This should be your income before any taxes or deductions are subtracted. Make sure to include all income sources from all family members who will be living in the home. If your income fluctuates, please use the average monthly income over the past 3 months. Alternatively, you can also divide your gross annual income by 12 months.
Step 2 of 3
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How much is your monthly debt obligations?
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Includes car loans, student loans, credit card payments, and any other recurring debt, excluding rent or housing expenses.
Next
Next, you'll need to input your monthly debt obligations. This includes any existing financial commitments, such as car loans, student loans, credit card payments, and any other recurring debt. Please do not include rent or housing expenses. If you pay off your credit card every month and do not have any outstanding balance, there is no need to include your credit card payments. Likewise, there is no need to include groceries or other living expenditures.
Step 3 of 3
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How much have you saved up for a down payment?
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Requity Homes’ rent-to-own program requires a minimum of $5,000 down payment . Your exact down payment may vary depending on your financial profile.
Next
Please provide the amount of savings you are comfortable putting towards the initial down payment to start our rent-to-own program. This can include any cash, investments, or other assets that could be readily converted into cash that you’re willing to contribute as your potential down payment.
Estimated Home Shopping Budget
Based on the information you provided
You're eligible to buy homes up to
$XYZ,000
Remember, this calculator is meant to provide an estimate and may not account for every financial aspect of your life. Reach out to us to learn more to see if Requity Homes is a fit for you!
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Your estimated home shopping budget is based on a maximum 50% total debt to income ratio. This ratio represents the percentage of your monthly household income that goes toward rent-to-own monthly payments and recurring debts payments (including car payments and other loan expenses).
 
Generally, here is a few ways you can increase your home shopping budget:
‍
  • Increase your household income by adding co-applicants if they will be living in the home with you 
  • Decrease your monthly debt obligations by paying off your debt
  • Increase the down payment you’re willing to provide

This tool is intended for informational purposes only and not as an offer of service from Requity. Nothing on this page shall be construed to constitute fees, terms, a guarantee or any other service. Qualification is at the discretion of Requity Homes.

Top questions
Who qualifies for Requity Homes?
Generally, we require a minimum credit score of 500, an annual income of $50,000 and $5,000 savings.
What homes are eligible?
You can pick almost any homes listed for sale publicly and privately. Generally we buy freehold move-in ready homes (check here for a list of a few exceptions).
How does Requity Homes make money?
We make money from your rent and the price appreciation. Keep in mind, we will pay for land transfer taxes, lawyer fees and other closing costs when we purchase the home for you.
See All Rent to Own FAQs