Are interest rates for this type of loan typically 15 years? 30 years? Are they typically below 12%?
Form what you said (600 times $600) is the cost of the land and paying back at $1750/month then at is
600 times600/1750
that is 15 mouths to pay it back at 12% that is360000 times12/100 that is$4320+ $36000=$40320
nort this not set in stone and in can be more or less. But that;s the maths
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