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There are two ways to buy property from Westview Lake Properties,

Cash
All cash offers will be seriously considered.

Owner Financing with 10% down
We'll finance your property purchase for 10 years at 10% simple interest. That will be 120 equal monthly payments. Take for instance a $25,000 lot. With 10% down ($2,500), you would be financing $22,500. Your monthly payment would be $297.33 a month. If you decide at any time to pay off the loan early, we're not going to beat you up by making you pay a penalty or early pay off fee, just the outstanding principal. There is $200 in attorney and legal fees involved with setting up a land contract such as this. If you're willing to make the 10% down payment for the property, we're willing to absorb the legal fees. We've included a handy amortization calculator at the bottom of this page for your convenience.



  Amortization Calculator
This calculator will compute a loan's monthly payment amount based on the principal amount borrowed, the length of the loan and the annual interest rate. Note that each time you change one of the loan's variables you will need to recalculate the monthly payment. Annual interest rate and term in months are set for our owner financing plan.  Change them only if you are trying to calculate for bank financing.

Note: Other than decimal points, do not enter any other non-numeric characters (commas, dollar signs, etc.) in the entry boxes. Doing so will cause a JavaScript error.

   How large is the loan?

$

   What is the loan's annual interest rate?

  %

   What is the term of the loan in months?

 

   Your monthly payment is: