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Pricing Options

Cash Price:        

$49,900

 

 

Financed Price:

$54,900

20% Down Payment:

$10,980

Amount Financed:

$43,920

 

$43,920 Loan using a 30 year amortization and a starting rate of 6.875% (subject to increase) with a 3 year adjustable rate that converts to a1 year Renewable ARM with 2-5 caps. The Margin is 3% over the 1 Year LIBOR

Monthly Payment: $288.52

 

 

* This is a sample illustration and is not a loan offer. Loan transactions are subject to credit approval by a lender chosen by the borrower. Price and other terms are for illustration only and may vary. Calculations include principal and interest only, and do not include other costs and expenses that may be required by lender.

 

 

Projected Annual Budget

           

Monthly

1/13th Monthly

Master Regime HOA                                                              

$670.00

$51.54

Replacement Reserve/ Contingency

$150.00

$11.54

Property Taxes                                                                        

$320.00

$24.62

Electricity                                                       

$150.00

$11.54

Housekeeping                                                                        

$466.66

$35.90

Insurance                                                                                                         

$70.00           

$5.38

Management Fee                                                                               

$325.00

$25.00    

 

       

TOTAL:

 $2,151.67

$165.51

All budget figures are good faith estimates based on current information. Actual expenses, including taxes and insurance, may vary. “Owner’s Quarters” is a Registered Fractional Ownership Plan approved by the S.C. Real Estate Commission. This is not intended to be an offer to sell nor a solicitation of offers to buy real estate in South Carolina by residents of any other jurisdiction where prohibited by law.

MARKETING BY DRAKE DEVELOPMENT COMPANY USA
300 17th Avenue South N. Myrtle Beach SC 29582

Toll-free: (888) 280-5743    Local: (843) 280-5743  

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