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Owner will carry financing at the following rates:
100 acre grassland parcels US$22,500 ($2,250 down
payment, 120 monthly payments of $314.29)
Principal borrowed: $20,250.00
Annual Payments: 12 Total Payments: 120 (ten year
financing)
Annual interest rate: 13.99% Periodic interest rate:
1.1658%
Regular Payment amount: $314.29 Final Balloon Payment:
$0.00
Or Owner will finance any of the properties at 10%
simple interest rate with 20% down payment on a five
year loan.
100 acre grassland parcels US$22,500 ($4500 down
payment, 60 monthly payments of $382.45)
Principal borrowed: $18000.00
Annual Payments: 12 Total Payments: 60
Annual interest rate: 10.00% Periodic interest rate:
0.8333%
Regular Payment amount: $382.45 Final Balloon Payment:
$0.00
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