EXAMPLE - BUYER finances a $125,000 home site via land contract conveyance. BUYER chooses a 1, 2, 3, 4 or 5 year term with balloon and a 10%, 15% or 20% down payment. The BUYER'S interest rate and monthly, interest-only payment will be determined as follows:
1 Year Term
| Down Payment |
Interest Rate |
Interest Only
Monthly Payments |
| 10% |
2% |
$187.50 |
| 15% |
1.5% |
$132.81 |
| 20% |
1% |
$83.33 |
|
2 Year Term
| Down Payment |
Interest Rate |
Interest Only
Monthly Payments |
| 10% |
3% |
$281.25 |
| 15% |
2.5% |
$221.35 |
| 20% |
2% |
$166.66 |
|
3 Year Term
| Down Payment |
Interest Rate |
Interest Only
Monthly Payments |
| 10% |
4% |
$375.00 |
| 15% |
3.5% |
$309.90 |
| 20% |
3% |
$250.00 |
|
4 Year Term
| Down Payment |
Interest Rate |
Interest Only
Monthly Payments |
| 10% |
5% |
$468.75 |
| 15% |
4.5% |
$398.44 |
| 20% |
4% |
$333.33 |
|
5 Year Term
| Down Payment |
Interest Rate |
Interest Only
Monthly Payments |
| 10% |
6% |
$562.50 |
| 15% |
5.5% |
$486.98 |
| 20% |
5% |
$416.66 |
|
To learn more about financing a home site, please call
us at 1.866.WVA.MTNS or email us via the CONTACT page.
FINANCING DETAILS FINANCIAL PRIVACY POLICY |
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EXAMPLE - BUYER finances a $125,000 home site via land contract conveyance. BUYER chooses a 1, 2 or 3 year term with balloon and a 10%, 15% or 20% down payment. The BUYER'S interest rate and monthly, interest-only payment will be determined as follows:
1 Year Term
| Down Payment |
Interest Rate |
Interest Only
Monthly Payments |
| 10% |
7% |
$656.25 |
| 15% |
6.5% |
$575.52 |
| 20% |
6% |
$500.00 |
|
2 Year Term
| Down Payment |
Interest Rate |
Interest Only
Monthly Payments |
| 10% |
7.5% |
$703.13 |
| 15% |
7% |
$619.79 |
| 20% |
6.5% |
$541.66 |
|
3 Year Term
| Down Payment |
Interest Rate |
Interest Only
Monthly Payments |
| 10% |
8% |
$750.00 |
| 15% |
7.5% |
$664.06 |
| 20% |
7% |
$583.33 |
|
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