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Pricing Options
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Cash Price:
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$49,900
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Financed Price:
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$54,900
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20%
Down Payment:
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$10,980
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Amount Financed:
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$43,920
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$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
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* 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.
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Projected Annual Budget
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Monthly
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1/13th Monthly
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Master Regime HOA
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$670.00
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$51.54
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Replacement Reserve/ Contingency
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$150.00
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$11.54
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Property Taxes
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$320.00
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$24.62
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Electricity
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$150.00
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$11.54
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Housekeeping
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$466.66
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$35.90
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Insurance
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$70.00
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$5.38
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Management Fee
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$325.00
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$25.00
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TOTAL:
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$2,151.67
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$165.51
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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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