purchasing dvc

[disneyman0943]

how do i determine what i will pay on monthly basis, if i was financing with bottom line down payment and closing cost, what will my payments be from there

 

[christa112]

It will all depend on how many points you are purchasing, how much you are putting down for a down payment. Are you financing through Disney? and if so they have two different interest rates which I believe are 10% & 14%.

You can also include your closing costs into your loan or pay them off up front. Also take into consideration that there are annual dues which you can pay monthly or annually, which also goes by how many points your purchase and they are around $4.00 per point.

If you already have a guide, give them a call and they can definately give you a pretty close estimate with all the info above. If not I have a great Guide and I can send you her info. Let me know.

how do i determine what i will pay on monthly basis, if i was financing with bottom line down payment and closing cost, what will my payments be from there

 

[dudelydude]

how do i determine what i will pay on monthly basis, if i was financing with bottom line down payment and closing cost, what will my payments be from there

Yeah, +1 on what Christa said. The question you are asking can yield some pretty broad answers. But the decisions that you make right now will either benefit or haunt you through the term of your loan, so be careful. It doesn't cost you a thing to talk to Disney or a reseller about this.

There are links at the top of this page with points charts and resale listings that may give you a great start. Find out how many points you need first for the amount of people you are traveling with, what time of year you are traveling and what resort you want as your "home" resort.

Once you know how many points you need and the resort, you should call Disney or a reseller to talk terms...it will take all 5 minutes to get some quick answers.

Also, read up on tips and tricks like putting your downstroke on a specific credit card that (for DVC) is interest free for 6 months....and stuff like that.

 

[Crystal_27]

If you finance 160 points at BLT and use an member referral, you will be responsible for putting down 10% of the full purchase cost ($1,792) and will be issued a developer credit of $2,240. So, you will finance $14,138 (I added an additional $250 for closing costs). If you get the preferred financing (10.25%) and finance for 10 years, your monthly payment would be $188.77. If you opt to pay the maintenance fees annually, add an additional $48.93 per month to your payment. Hope that helps!!

 

[ssawka]

http://www.bankrate.com/calculators/mortgages/loan-calculator.aspx

Just plug in your numbers.

 

[ericamanda01]

If you can I would look at resales. The market seems to be flooded with people selling their points and you could get a really good deal. Again the monthly payment would depend on the final point price, interest, and monthly maintenance fees.