Example
Below is an example of a house schedule of payments. In the upper left corner, the User member has placed 20% of his house of 180K, every month his payment is $1200 (this is based off equivalent rent for similiar house in the neighborhood; also there are some months with extra payments which go directly to his quity).
Each month the User's or Owner's percentage increases, which constantly changes the split of Rent and Principle payments. The more the User owns, the less amount that is taken for rent.
At any time the User can purchase his house by paying the remaining amount under the Investors Acnt. amount in the corresponding month.
|
|
Dn pymt |
36000 |
|
|
HOUSE SCHEDULE |
|
|
|
|
|
Investor |
144000 |
|
|
|
|
|
|
|
|
T.value |
180000 |
|
|
|
|
|
|
|
|
|
|
|
% Buyer |
PRINCIPLE |
RENT |
EQUITY |
INVESTORS ACNT |
|
|
|
|
Extr |
0.20 |
|
|
|
144000 |
2006 |
July |
1200 |
500 |
0.20 |
240.00 |
960.00 |
36740.00 |
143260.00 |
|
|
August |
1200 |
0 |
0.20 |
244.93 |
955.07 |
36984.93 |
143015.07 |
|
|
Sept |
1200 |
0 |
0.21 |
246.57 |
953.43 |
37231.50 |
142768.50 |
|
Octber |
1200 |
0 |
0.21 |
248.21 |
951.79 |
37479.71 |
142520.29 |
|
|
Nov |
1200 |
300 |
0.21 |
249.86 |
950.14 |
38029.57 |
141970.43 |
|
|
Dec |
1200 |
0 |
0.21 |
253.53 |
946.47 |
38283.10 |
141716.90 |
2007 |
Jan |
1200 |
0 |
0.21 |
255.22 |
944.78 |
38538.33 |
141461.67 |
|
|
Feb |
1200 |
0 |
0.21 |
256.92 |
943.08 |
38795.25 |
141204.75 |
|
|
March |
1200 |
0 |
0.22 |
258.63 |
941.37 |
39053.88 |
140946.12 |
|
|
April |
1200 |
0 |
0.22 |
260.36 |
939.64 |
39314.24 |
140685.76 |
|
|
May |
1200 |
0 |
0.22 |
262.09 |
937.91 |
39576.34 |
140423.66 |
|
|
June |
1200 |
0 |
0.22 |
263.84 |
936.16 |
39840.18 |
140159.82 |
|
|
July |
1200 |
0 |
0.22 |
265.60 |
934.40 |
40105.78 |
139894.22 |
|
|
Aug |
1200 |
0 |
0.22 |
267.37 |
932.63 |
40373.15 |
139626.85 |
|
Sept |
1200 |
0 |
0.22 |
269.15 |
930.85 |
40642.31 |
139357.69 |
|
October |
1200 |
0 |
0.23 |
270.95 |
929.05 |
40913.26 |
139086.74 |
