Rates accurate as of February 13, 2020
| Type of Loan | Interest Rate | Annual Percentage Rate (APR) | Loan Fee |
|---|---|---|---|
| Developed Lot | |||
| Developed Lot | 7.375% | 8.203% | 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) or equity position (refinancing). 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 7.375%, Annual Percentage Rate (APR) 8.203%, 59 monthly payments of $730.88 each, 1 balloon payment of $92,323.55, total interest paid $35,445.47.
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