Path to the Closing Table
How DeedLease works.
A side-by-side look at the cost of entering a DeedLease home vs. a conventional mortgage on a comparable property. Real numbers, no surprises.
Program overview
The basics, side by side.
Program
DeedLease
Purchase Price$475,000
Interest Rate3.50%
Amortization25 Years
Monthly Payment$2,375.59
Entry RequirementPayment × 3 + Closing
Conventional Mortgage
Traditional
Purchase Price$550,000
Interest Rate6.50%
Amortization30 Years
Monthly Payment$3,302.00
Entry Requirement5% Down + Closing
Attainable Home Subsidies
A $550,000 home.
Yours at $475,000.
The DeedLease program by the Better Building Council, a 501 C3, in partnership with Build Officer uses the MandL Credit formula to create a subsidy that will reduce the amount of the home by 50K to 100K based on the Build Cost. The subsidy stays attached to the home for seven years after closing.
Appraised Value$550,000
Subsidy Applied− $75,000
Your Price$475,000
Built-in Equity$75,000 · day one