Developed Lot Loans
Rates accurate as of December 13, 2024
Rates accurate as of December 13, 2024
| Type of Loan | Interest Rate | Annual Percentage Rate (APR) | Loan Fee | |
|---|---|---|---|---|
| Developed Lot Open/Close | ||||
| Developed Lot | 8.625% | 9.430% | 2% | Contact a Loan Officer |
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 8.625%, Annual Percentage Rate (APR) 9.430%, 59 monthly payments of $813.67 each, 1 balloon payment of $93,724.41 total interest paid $42,090.34.
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