
40 Acres — Rolling Pasture, Northern Michigan
Starting at
$870.38/mo
- $7,800 down
- 10-year term
- 8.50% APR fixed
- 0% platform commission
Live signals
Watching
1
buyer has starred
Matching searches
0
alerts would fire today
Effective APY
8.50%
Fixed for the full term
Days to deed
3,650
10 years on the dot
Monthly payment
$870.38
Equity at payoff
$78,000
In 120 months · 10 years
Cost of financing
$34,246
Total: $112,246
Equity growth
Your stake over the contract lifetime
+$70,200
from down to deed
Advanced · adjust term & rate▾
Next: 3-field form, then review your contract and sign.
Backwards calculator
Target a monthly payment, see the down payment required at the seller's terms (8.5% APR · 120 months).
Down required
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What if there's a balloon?
Some owner-finance deals require the unpaid balance in a lump sum after a few years. See what the balloon would look like at common terms.
Educational only · does not modify the seller's contract.
The parcel
Forty acres of rolling pasture with a year-round creek, mature oak fenceline, and county-road frontage on two sides. Twenty minutes from Gaylord proper, an hour from Mackinac. Mineral rights included.
Features
- Rolling pasture
- Year-round creek
- Mature oak fenceline
- County road frontage on two sides
- Mineral rights included
Legal description
The Southwest 1/4 of Section 14, Township 30N, Range 4W, Otsego County, Michigan, containing 40.00 acres more or less.
Parcel ID: DEMO-OTS-12345
- Drafted under MCL §§ 600.5701–600.5760; § 565.351 et seq.; § 600.3101 et seq.
- Memorandum recorded with the county
- Possession at signing
- No prepayment penalty
