One of the most common questions we get is: “What will my monthly payment actually be?” While the total price of a Disney Vacation Club (DVC) resale contract can look like a big number, financing allows you to spread that cost over time, often making it comparable to a family dinner out.
At Vacation Club Loans, we want to take the guesswork out of your planning. Here is a look at the “math” behind the magic.
How Your Payment is Calculated
Your monthly payment is determined by three main factors found in our guide to DVC Cost:
- The Loan Amount: This is the contract price minus your down payment (10% for FICO 600+ or 20% for FICO 599 and below).
- The Interest Rate: Our standard rates are highly competitive, including our special 13.9% APR for refinancing.
- The Term: You can choose to spread your payments over a period of up to 10 years, allowing for maximum flexibility in your monthly budget. No Prepayment Penalty gives you the comfort of having the smallest monthly commitment while offering the flexibility to pay off much faster with online principal only payments.
Average Monthly Payment Scenarios
Note: These are estimates based on common resale prices obtained from Fidelity Real Estate, a licensed DVC resale broker:
The below purchase prices were estimated on the “average” price per point of $120.00 Th price per point will vary based on home resort, expiration year of deed, and the number of points available for immediate use. Your specific loan estimate will be provided during the underwriting phase.
- The Starter Contract (approx. 100 Points)
Average Purchase Price $12,000 100 points x $120 per point
- Term: 10 Years
- The Results: A manageable monthly payment that gets your family into a Deluxe Disney Resort every year.
2. The Mid-Size Membership (approx. 150 Points)
- Average Purchase Price $18,000 150 points x $120 per point
- Term: 10 Years
- The Result: Perfect for families who want a bit more room or longer stays, with payments spread out to keep your cash flow steady.
3. The “Grand Villa” Goal (approx. 200 Points)
- Average Purchase Price $24,000 200 points x $120 per point
- Term: 10 Years
- The Result: For those who want the ultimate DVC experience, our 10-year terms ensure even large contracts stay within a reasonable monthly budget.
Why Our Calculator is Your Best Friend
Before you sign your contract and pay your 10% escrow deposit, we recommend using our online calculator to “play with the numbers”.
- No Surprises: Vacation Club Loans WAIVES the loan origination fee allowing even bigger savings on your resale purchase. You’ll know exactly what is needed for your down payment and cash needed to buy.
- Total Transparency: We provide a detailed loan estimate during underwriting so you see the monthly payment and the total cash needed to close.
- Custom Fit: You can adjust the term length to see how it shifts your monthly commitment. With No Prepayment Penalties you are safe to start with a longer term and pay off faster, later when it is convenient.
Ready to See Your Real Numbers?
Don’t let the math intimidate you. Whether you have a 600+ FICO and are looking for that 10% down program, or you’re utilizing our no-credit-check option, we are here to help you find the right fit.
Visit our website to use the live calculator and take the next step!