Rates accurate as of September 30 2022
| Type of Loan | Interest Rate | Annual Percentage Rate (APR) | Loan Fee |
|---|---|---|---|
| Developed Lot | |||
| Developed Lot | 8.500% | 9.302% | 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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