Rates accurate as of December 1, 2023
|Type of Loan||Interest Rate||Annual Percentage Rate (APR)||Loan Fee|
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 9.125%, Annual Percentage Rate (APR) 9.943%, 59 monthly payments of $847.77 each, 1 balloon payment of $94,237.50 total interest paid $44,636.18.
Equal Housing Lender