We use an example of a customer below to enable you understand how this works in practice.

 

Patience Boateng (not her real name), is a 30 year old immigration officer who earns GHS2,613.33

 

A. Computations based on our Starter Price of a ONE-BEDROOM at GHS120,000

Legend:

GSM - Getting Started Money          AR - Annual Rent          MR - Monthly Rent          MP - Monthly Payment          OP - Option Payment

Number of Bedrooms
 One Bedroom
 One Bedroom
 One Bedroom
 One Bedroom
 
Duration
 5 yrs
 5 yrs
 5 yrs
 5 yrs
 
GSM
 GHS 3,000
 GHS 6,000
 GHS 9,000
 GHS 12,000
 
AR
 GHS 8,400
 GHS 7,800
 GHS 7,200
 GHS 6,000
 
MR = AR divided by 12
 GHS 700
 GHS 650
 GHS 600
 GHS 500
 
MO
 GHS 140
 GHS 130
 GHS 120
 GHS 100
 
MP= MR + MO
 GHS 840
 GHS 780
 GHS 720
 GHS 600
 
OP = MO x 60
 GHS 8,400
 GHS 7,800
 GHS 7,200
 GHS 6,000
 
Home Equity after 5yrs (GSM + OP)
 GHS 11,400
 GHS 13,800
 GHS 16,200
 GHS 18,000
 

..

 

B. Computations based on our Starter Price of a TWO-BEDROOM at GHS200,000

Legend:

GSM - Getting Started Money          AR - Annual Rent          MR - Monthly Rent          MP - Monthly Payment          OP - Option Payment

Number of Bedrooms
Two Bedroom
 Two Bedroom
 Two Bedroom
 Two Bedroom
 
Duration
 5 yrs
 5 yrs
 5 yrs
 5 yrs
 
GSM
 GHS 14,000
 GHS 15,000
 GHS 19,500
 GHS 24,000
 
AR
 GHS 14,000
 GHS 15,000
 GHS 13,000
 GHS 12,000
 
MR = AR/12
 GHS 1,166.67
 GHS 1,250.00
 GHS 1,083.33
 GHS 1,000.00
 
MO
 GHS 233.33
 GHS 250.00
 GHS 216.67
 GHS 200.00
 
MP= MR+MO
 GHS 1,400
 GHS 1,500
 GHS 1,300
 GHS 1,200
 
OP = MO times 60
 GHS 13,999.80
 GHS 15,000.00
 GHS 13,000.20
 GHS 12,000.00
 
Home Equity after 5yrs (GSM + OP)
 GHS 27,999.80
 GHS 30,000.00
 GHS 32,500.20
 GHS 36,000.00
 

 

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