How much Total for downpayment?

Discussion in 'Purchasing DVC' started by Tinkrbell, Feb 14, 2003.

  1. Tinkrbell

    Tinkrbell Mouseketeer

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    Can anyone tell me what the current total out of pocket downpayment cost is to get started?

    I know there is a $500 dept. due at the time of signing, but how much more after that. And what are the monthly payments?

    All based on 150/pts.

    Thanks
     
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  3. spiceycat

    spiceycat <font color=blue>Own at BWV, VWL and BLT<br><font

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    if you use Magic beginning and pay 20% down - another 520 - or $1,020 total. If you don't use MB then $2,520 total.

    they have 10% down - but the interest rates aren't nearly as good and I don't think you can use MB.
     
  4. Tinkrbell

    Tinkrbell Mouseketeer

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    What are the monthly payments?

    How long does it take before you are billed monthly? Is it after the deed is recorded or right away?
     
  5. anniet

    anniet DIS Veteran

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    There are variables to consider to get the monthly payments, but there is a calculator at www.bankrate.com that will help you. You need to know how much you are financing and the finance rate.

    I believe payments begin after the deed is recorded...we signed last March but the payments didn't start until May.

    Good luck!:D
     
  6. mamarobin24

    mamarobin24 <font color=red>Disney Nuts of the DIS unite!!!!!<

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    Ours was actually $1260 down, with the $1500 from the Magical Beginnings program. We were told that there's some sort of FL law about putting 10%

    BTW, we leavein 4 days, 21hours, 4 minutes and3 seconds.

    Cindyellen
     

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