Lease To Own Option

[Robert Littke]

Alright I will do my best to keep this brief but give the details.
If I have a $250,000 Single Family Home and I owe $228,000 and I want to move it fairly quickly. Payments are $1,470/mo. Market rent is probably $1,300 -$1,500
If I lease it out with a lease option at $1400 for 2 years with an option to buy and require $4000 down on the lease option, and apply 10% of payments to go towards down payment. When the purchase is made in 2 years, do I actually have to bring the $7360 ($4,000+$3360) to the table at close or just account for it on the settlement statement? What are the larger considerations that I should be concerned with on a deal like this. Thanks for you input. (This home is in NC, and I will be relocating to FL.)