What type of down payment?

[jane of the jungle]

If I add on 100 points of BCV and put 10% down using DVD's financing, does anyone know what the minimum down payment is? Thanks!

 

[DoeWDW]

I just bought into BCV so let's see if I can get this right.

100 points * $75 per point = $7500 total purchase price

$7500 * .1 = $750 for a 10% downpayment

If you take the $5 per point incentive (where they apply $5 per point toward your downpayment) then $5 * 100 points = $500 that they'll put in for your downpayment.

So $750 (10% down) - $500 (that they put in for you via incentive) = $250 that you have to pay.

I hope this is clear.


Doreen in PA

 

[jane of the jungle]

Thanks Doreen. I can handle that.

 

[Geyser Gazer]

Doreen,

Do you recall if the interest rate for add ons was 11.95% regardless of 10% or 20% down?
Thanks.