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Total Cost $550,000.00
Size Approximately 3550 SQ FT. Worship area is 2050 SQ FT. ( about 180 seating)
Amount of loan $150,000.00 ( We have $388,400.00 for the building fund on hand )
Interest rate The prime rate, on published on Wall Street Journal, plus 0.75%
the current rate is 4.5%, and adjusted every 4 years.
Proposed Lender UMDF (United Methodist Development Fund) We used this lender, when we built the church
first time, and we have a good credit record.
Term of Loan 15 years.
Monthly Payment(P&I) $1,148.00 Annual Payment $13,776.00
Note. This figure is based on current rate, and the figure might be changed, depend on
the rate on the day of approval.
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