Custom Homesites in Truckee, California
 
 




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


Christie Coker
DRE License # 01470293
Coldwell-Banker Residential
(530) 913-1101
Email