Waterfront Cottage - Perfect Weekend Retreat
About This Property
Adorable lakefront cottage with private dock. Recently renovated with new kitchen, bathroom, and HVAC. Large screened porch overlooking the lake. Sold furnished - just bring your bags!
Location
5%
Down Payment
6%
Interest Rate
15
Years
Property taxes are typically reassessed after a sale. Actual amounts vary by jurisdiction and may differ from estimates shown.
Seller offering extremely low 5% down payment option. Perfect for vacation home buyers!
Determines monthly payment amount
Balloon payment due at end of year 15
Estimated Monthly Payment
$6,265
Balloon Payment Due in Year 15
$742,460
Loan Amount
$1,045,000
Total Interest
$825,215
* Property taxes are estimated at ~1.1% of purchase price annually and are typically reassessed at the new purchase price. Actual taxes may vary based on your local tax authority's rules and any applicable exemptions.
Cumulative amounts paid over the 30-year amortization period
- Principal Paid
- Interest Paid
$1,100,000
Est. $6,250/mo
Why Seller Financing?
- No bank approval needed
- Flexible down payment
- Faster closing process
- Negotiable terms