Your monthly Divvy payment has two components:
Rent (about 75%)
Home Savings (about 25%)
The rent component works just like a normal lease. Divvy sets rent prices according to each neighborhood’s fair market rent costs depending on the home location, size, etc.
Home savings are funds intended to use on the future down payment on your home. If you choose to buy back the home, your savings in the home can be applied to your downpayment, to your closing costs, or to both.
The distribution of your savings can be applied to your closing based on discussions with your lender and their requirements for your mortgage. If you do not buy back the home, your savings can be cashed out.