Custom Homesites in Truckee, California
 
 




SELLER FINANCING TERMS (DOWNLOAD)

0% interest and no payments for the first year!

• 25% Down Payment
    Verification of down payment funds is required with the sales contract for the lot purchase.
• Three year Note
• After first 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 2 years)
 
$179,925

Monthly interest-only payment calculation:
6 % Annual interest x $179,925 = $10,795.50 annual interest

Interest-only monthly payments: $10,795.50/12 = $899.63 per month
(due monthly during years 2 and 3 of the note)

Interest savings:
0% interest and no payments for one year = $899.63 x 12 = $10,795.50

Total savings of $10,795.50


Christie and Jeremiah Skirvin
Coldwell-Banker Residential
530-550-8260
Email