SELLER
FINANCING TERMS (DOWNLOAD)
0% INTEREST and NO PAYMENTS for the first TWO YEARS on a 5 year note!
• 25% Down Payment
Verification of down payment funds is required with
the sales contract for the lot purchase.
• Five year note with no prepayment penalty
• After the 2nd year, 6% annual interest with interest-only monthly payments
• No loan origination or document fees
• No Pre-Payment Penalty
• First Deed of Trust, No Subordination
Subject to change without notice
SELLER FINANCING EXAMPLE
| Sales
Price: |
$239,900 |
25%
Down Payment
(There are no loan origination fees) |
$59,975 |
Loan Balance:
(All due in 5 years)
|
$179,925 |
YEARS ONE AND TWO: NO INTEREST AND NO PAYMENTS
YEARS THREE, FOUR AND FIVE: INTEREST ONLY MONTHLY PAYMENTS OF $899.63
Monthly interest-only payment calculation:
6% Annual interest x $179,925/12 = $899.63 per month
Interest savings:
0% interest and no payments for two years = $899.63*24 = $21,591.12
TOTAL SAVINGS $21,591.12
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