Owner Finance Program - House for Rent Classified Ads in Houston
Purchase Price: $100,000
Down Payment: $10,000
Loan Amount: $90,000
Interest: 10%
Term: 360 Months
Monthly Payment (Principle + Interest): $789.81
On a $50,000 house, the numbers would look like this:
Purchase Price: $50,000
Down Payment: $5000
Loan Amount: $45,000
Interest: 10%
Term: 360 Months
Monthly Payment (Principle + Interest): $394.91
The taxes and insurance are extra and not included in the above pricing because they vary quite a bit from house to house. Typically, for this price range of houses, we use $100 - $200 for taxes and $50 - $80 for insurance.
Give us a call/text 832-358-3730 or 281-852-7777!
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