Common use of Truth-in-Lending Statement Clause in Contracts

Truth-in-Lending Statement. If Buyer is purchasing using financing provided by Seller, following is information about cost of financing and the terms of the Note and Deed of Trust: Annual Percentage Rate - The annual interest rate including service fees %. Amount Financed – Consists of the cash price less the down payment. $ . Total of Payments – The total amount you will pay in monthly installments $ . Finance Charge – The total cost of interest and service fees $ . Total Sales Price – The total purchase price including finance charges $ .