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In a rent-to-own agreement, you pay a deposit fee (usually around $5,000) plus rent and “rent premiums.” Your rent payments go toward the seller’s mortgage, and the premium payments become your down payment when it’s time to buy the home from the seller.
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Rent or Own Calculator | Scotiabank – Rent or Own comparison. years. rental payments. Mortgage Payments. Equity. Chart. Calculation results are approximations and for information purposes only and rates quoted are not considered as rate guarantees. The calculations assume all payments are made when due. Calculations assume that the.
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