Example Mortgage Payment

Based on a $60,000 loan.

FINANCING PROGRAM INTEREST RATE PAYMENT PRINCIPAL BALANCE
12 YEAR full amortization 13.50%
(APR 14.96%)
$843.43 $0
10 YEAR full amortization 13%
(APR 14.64%)
$895.86 $0
7 YEAR full amortization 12.50%
(APR 14.65%)
$1075.27 $0
5 YEAR full amortization 12%
(APR 14.84%)
$1334.67 $0
Interest Only - 6 MONTH term 14%
(APR 19.13%)
$700.01 $60,000
Interest Only – 3 YEAR term 14%
(APR 19.06%)
$700.01 $60,000

*Additionally, taxes and insurance will be impounded. THIS IS AN ADDITIONAL EXPENSE.