OFFICIAL OWNER’S PROPERTY WEBSITE — FOR SALE BY OWNER 8216 Pickens Gap Road · Knoxville, TN 37920 · 8216pickensgap.com · Contact the owner directly
8216 PICKENS GAP ROAD
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Seller financing available

Financing Options

The home is now offered at $525,000. Seller-financing options may be available to qualified buyers, with 20% down, 30-year amortization and the remaining balance due after payment 36. Seller financing is not guaranteed; availability and final terms are subject to the owner’s approval and discretion.

Current List Price $525,000
Down Payment $105,000
Amount Financed $420,000

Three Financing Options

Each option uses the same $525,000 purchase price and 20% down payment. The interest rate determines the monthly principal-and-interest payment and the remaining balloon balance after 36 payments.

Option 2

5.50% Interest

30-year amortization · 36-month balloon
Approximate Monthly P&I
$2,384.71
Principal and interest only
Purchase price$525,000
20% down$105,000
Amount financed$420,000
Balloon after 36 payments$402,051
Option 3

6.00% Interest

30-year amortization · 36-month balloon
Approximate Monthly P&I
$2,518.11
Principal and interest only
Purchase price$525,000
20% down$105,000
Amount financed$420,000
Balloon after 36 payments$403,553
Approximate payment as low as $2,255 per month. The lowest-payment illustration is based on a 5.00% interest rate, 20% down, 30-year amortization and a 36-month balloon.

These illustrations are for discussion and comparison only and are not a commitment to lend. Monthly payments shown are principal and interest only and do not include property taxes, homeowners insurance, closing costs, escrow items or other charges. Seller financing is not guaranteed. Availability, interest rate, down payment, term and other financing terms are subject to the owner’s approval and discretion, buyer qualification, applicable law, mutually acceptable purchase-contract terms and final written documentation.