Rates accurate as of June 24, 2022
Type of Loan Interest Rate Annual Percentage Rate (APR) Loan Fee
Developed Lot
Developed Lot 8.250% 9.045% 2%

5-year balloon / 25-year amortization. Loan amount 75% of lot sale price.

DEVELOPED LOT LOAN PAYMENT CALCULATIONS

Calculations based on $100,000.00 5-year balloon loan (25 year amortization) with 25% down payment (purchase). Payment calculations are principal and interest only and do not include taxes or insurance which may increase your monthly payment.

5-Year Balloon / 25 Year Amortization Loan: Interest rate 8.250%, Annual Percentage Rate (APR) 9.045%, 59 monthly payments of $788.45 each, 1 balloon payment of $93,322.42 total interest paid $39,840.97.

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