To get started comparing Trio, select a home price and a lease term. Then see how lease financing with Trio compares to purchasing with a mortgage and renting a house.

At Trio, we believe you should understand the math behind financing with Trio vs buying today or renting and then purchasing later. Select you prospective home price and lease term. Then hover over the Trio Triangle in each section to learn more.

Select a home price and compare Trio financing to an FHA mortgage and to renting.

Cost of Home

triofirst FHA Mortgage Rental Home
Financing Basics

With Trio you can qualify to finance with no down payment with a credit score starting at 550. Most lenders only make approvals for their advertised 3.5% minimum down payment if your score is above 660. And even then, your credit and income history has to be sparkling clean. Trio is much more understanding.

Cost of home financed $205,000 $206,000 na
Down payment required 0 ($7,000) na
Amount financed $205,000 $199,000 na
Assumed interest rate 4.0% 4.5% na
Minimum credit score to qualify 550+ 620-660 various
Minimum years under new employment 0+ 2+ various
Minimum debt to income ratio 50% 43% various
Cash Required to Move in

The cost to finance with Trio is way lower than a mortgage and comparable to a typical rental. Through its low costs, Trio provides you time to save for your down payment or save for a larger down payment so when you are ready to buy, you can qualify for the lowest interest rate and payment. Trio costs less to get in.

Down payment - $7,000 -
Inception fee (1% of cost of home financed) included
Underwriting and Program Fee $1295 na na
Closing costs - included
Total cash required $3,916 $13,000 $3,421
Monthly Payment

With Trio, your lease payment is fixed for your entire lease term of up to five years. With a rental, you never know how much your landlord will increase your rent each year. In many states, like California, rents increase over 5% per year. Trio's payment is slightly more than if you are qualified and decide to purchase today. This is because Trio is responsible for managing your lease and has to cover some of its costs in your payment. Trio is much more predictable.

Base payment $1,132 $979 $1,368
Mortgage insurance premium $140 $141 na
Real estate taxes $167 $167 included
Home care contribution $40 - na
Homeowners insurance $42 $42 included
Total monthly payment $1,482 $1,328 $1,368
Trio payment, net of incentive credit na na na
If Purchased at Lease End

Trio builds equity for you to use when you purchase. Your built in equity earned through your purchase option grows as home values increase. Through Trio's home purchase assistance, this equity is put to work for you should you need it when you qualify and buy. Plus with Trio's ownoption mortgage, your future interest rate is preserved for 30 years if you use it to buy. Trio locks in your housing future.

Est. market value at lease end $232,000 na na
Std. Trio option price $218,000 na na
Trio home purchase assistance ($11,000) na na
Net Trio option price $207,000 na na
Equity gained during lease $25,000 na na
Cash required to close with new financing - na na
Assumable OwnOption mortgage rate 4.00% na na

Information provided on Compare Trio is for illustration purposes only. Program pricing illustrated is based on qualified customers with excellent credit history who meet Trio underwriting requirements. Individual results will differ from what is represented. Mortgage and rental comparisons are approximations only based on average rates and terms for comparable price points. Mortgage rates are based on an FHA mortgage as of November 30, 2019 from LendingTree for credit scores ranging from 620 to 640. FHA loan limits based on local guidelines are not reflected. Rental comparisons are based on CoreLogic's RentRange. Trio lease financing is available on eligible homes on leases originated or assigned to Trio. Monthly lease payments and option prices are calculated based on a home cost that includes acquisition costs of 2.5% of the negotiated price of the home financed. Trio incentive credit is provided for the first 24 monthly payments when made on time. Acquisition costs are illustrated as a concession paid for by the seller. Should acquisition costs not be paid by the seller, cash required to move-in may be increased for the difference. Cash due at signing includes an inception fee of 1% of home price, $1295 underwriting/program fee and $.00 security deposit (not all customers will qualify for security deposit waiver). Last months payment may be required subject to underwriting. First month's payment is due prior to occupancy. Future monthly payments may increase depending on property taxes, insurance and homeowner association rates. Purchase option price at lease end (excluding customer closing costs) is based on home price, plus acquisition costs multiplied by a home price appreciation factor over the term of the lease. In the case of TrioFirst, home purchase assistance is provided by Trio for the difference between the purchase option price and the original home price, plus acquisition costs and a one-time 1% appreciation charge. Home purchase assistance illustrated at time of purchase in the case of TrioSelect assumes 100% of lease payments were paid on-time. TrioFirst is limited to a 3 year lease term. Please note that TrioFirst, is priced at 1% above cost for households with incomes at or below $60,000 per year – 80% of HUD’s national median income. For household incomes above $60,000, TrioFirst is priced at just 1% per year above cost. All figures presented are examples and estimates only. Customer is responsible for renters insurance and required maintenance during the lease term. Excess wear and tear as defined in the lease contract may be charged should a customer not purchase.