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    how much minimum down payment is required to purchase a farm costing about 2 million?

    Hi i need to know how much down payment is reguired to purchase a farm costing about 2 million dollars? And how much will the monthly morgage be then?

    +1  Views: 960 Answers: 2 Posted: 14 years ago

    2 Answers

    Most lenders are requiring more down payment depending on your credit rating. Typical purchase with 10% down ($200,000)would leave a balance of $1,800,000 at 5% would be $7,500 monthly interest only.
    Producer

    I'm curious, what are you going to grow as a cash crop?
    Mary Waarner. Poppies.


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