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Minnesota Power Financing Terms:

Minnesota Power will finance any of our land sales on a Contract for Deed.

25% Down Payment

Five (5) year  Contract for Deed at Five percent (5%)  

Ten (10) year Contract for Deed at Eight percent (8%)  

Must make annual payments.

 Loan Calculator
Loan Amount:
Interest Rate: ( 5%  5) or (8%  8)    (Enter 5 or 8)
Number of Years: 5 or 10    (Enter 5 or 10)
1 Annual Payment
(don't change, must be 1)

The accuracy and applicability of this calculator is not guaranteed, actual values may vary slightly.