• 15 years (8.0%), down payment $200 - monthly payment $286.69

Owner Finance Terms

Buyer(s) agree to pay monthly payments to Seller, payable in the amount, interest and term stated on Standard Agreement of Sale, until paid in full. The first installment is due and payable as noted on contract within forty-five days, and subsequent installments on the same day of each consecutive month until paid in full. Each payment shall be credited first on interest due and then on the principal; and interest shall thereupon cease upon the principal so credited. Seller shall receive a late charge in the amount of 10% of the total monthly payment or ($10.00 minimum), whichever is greater, for any monthly payment which becomes more than 14 day’s delinquent and/or a service fee of $25.00 for any payment which is returned by payer’s bank. There is no pre-payment penalty. Seller shall deliver to Buyer(s) a good and sufficient deed to the above-described property within Forty-Five days of the completion of payments or payment in full, or before at Seller’s sole option. In the event of default in making any of the monthly installments, and such default continues for ninety (90) days, this agreement may be canceled at the option of the Seller without notice and any and all moneys paid by Buyer(s) shall be retained by Seller as damages. LOAN SERVICING FEE: A monthly loan servicing fee of $15.00 will be added to the Monthly payment. PROPERTY TAXES / ASSOCIATION / HOMEOWNER FEES: The Buyer is responsible for all property taxes due after the date of the sale. Yearly County Taxes with being assessed as a fee included in the monthly payment. As with property taxes, Buyer is responsible to pay association fees (if applicable) which will also be added to the monthly payment. Buyers should contact the appropriate county offices for any questions about property taxes, assessed values or supplemental assessments. LOAN PRE-PAYMENT: There is NO LOAN PRE-PAYMENT PENALTY. Any loan can be paid off at any time without any pre-payment fees.