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Maintenance Fee per Thousand ( 1000 ) Points

Discussion in 'Wyndham Vacation Resorts' started by Ninjaneer80, Nov 6, 2018.

  1. Ninjaneer80

    Ninjaneer80 Guest

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    I am just sharing this what I put together for myself to figure out Maint fees. I kept seeing how everyone was listing what their Maint Fees where per 1000 points and was like how are they coming up with that....... LOL ( Math isn't my strong suite ). Hope this helps other people


    Variables
    Yearly Maint Fee = YMF
    Total Wyndham Points = TP
    Wyndham points by Thousand (1000) = WPT
    Cost Per Point = CPP
    Maint Fee Per Thousand (1000) = MPT

    To figure out maint Fee by thousand
    YMF/ TP = CPP * 1000 = MPT

    To compute maint fee by year
    WPT * MPT = YMF


    Example of how to use the above

    You buy 308K points some where
    Your yearly maint fees are $1920
    You want to know what your fees are per 1000

    take

    1920 / 308000 = CPP * 1000 = 6.23

    Say someone already gave you the cost for maint per thousand

    6.23 / 1000 = Maint fee on a property.

    You want to know your yearly Maint fee

    Take

    308 * 6.23 = 1918.84 ( yearly Maint)
     
  2. Ninjaneer80

    Ninjaneer80 Guest

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    If I made some grave errors, let me know and I will edit post to fix..... LOL fingers crossed
     
  3. uscav8r

    uscav8r TUG Review Crew: Expert TUG Member

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    You have to consider the minimum Program Fee comes into play and makes the MF rate look higher than normal for small contracts under ~231k points.


    Sent from my iPhone using Tapatalk
     
  4. Richelle

    Richelle TUG Member

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    On the maintenance fee thread, they leave out the program fee entirely and only provide the base rate that is applicable to all to avoid confusion.
     
  5. HitchHiker71

    HitchHiker71 TUG Member

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    Most of the timeshare resale sites will list either monthly or annual MFs. If it's monthly, I do MMF*12 = YMF. I then take the point value of the contract in question, such as 100k points, and divide the point contract by 1000. So for a 100k point contract 100,000/1000= 100. YMF/100 = MF/1000 points. If the contract is smaller than 231k (the break even point), then use the minimum program fee, otherwise I use $0.57/1000 points. I do this math often enough that it's committed to memory since I'm currently in search mode for resale contracts for rental purposes.
     
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  6. Ninjaneer80

    Ninjaneer80 Guest

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    I think I was following you till this point

    So if these are the details on my bonnet Creek I am buying ( in hind site i didn't understand the maint by points at the time ) don't pick on me to bad if these fees are way high....lol

    308K Points
    Monthly Main = 165.29
    Yearly Maint = 1983.48
    Maint = 6.439/1000

    What am i missing here with this program fee now ?



    Sent from my mobile using Tapatalk
     
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  7. chapjim

    chapjim TUG Member

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    I just download and print the summary that's available on-line. Here's the info for one of my contracts (763K at Ocean Walk). It looks better on the website.

    CONTRACT NUMBER
    DESCRIPTION
    ANNUAL TOTAL
    MONTHLY PAYMENT
    CONTRACT NUMBER
    000330419268
    DESCRIPTION
    Wyndham Ocean Walk
    $4,875.57
    MONTHLY PAYMENT
    $406.30
    View Details
    Total HOA
    • Maintenance Fees:
      (763,000 / 1000) * $4.09 = $3,120.67
    • Reserve Fund:
      (763,000 / 1000) * $1.03 = $785.89
    • Property Tax:
      (763,000 / 1000) * $0.69 = $526.47
    • Total HOA Fee:
      (763,000 / 1000) * $5.81 = $4,433.03
    • Program Fee
      (763,000 / 1000) * $0.58 = $442.54
      Program Fee:
      (763,000 / 1000) * $0.58 = $442.54
    • Annual Fee:
      $4,433.03 + $442.54 = $4,875.57
    • * Monthly Fee:
      $4,875.57 / 12 = $406.30
    • Contract Type
      Undivided Interest (UDI)
    • Points Owned
      763,000
    • Payment Frequency
      Monthly
     
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  8. Ninjaneer80

    Ninjaneer80 Guest

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    So i have a fee , on top of my maint fees ?

    How do i figure that out ?

    Sent from my mobile using Tapatalk
     
  9. Ninjaneer80

    Ninjaneer80 Guest

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    Ooo wait, your breaking down what makes up your maint fee..... So depending on your program fee, lowering maint fee ?

    How do i get a lower program fee ?

    Sent from my mobile using Tapatalk
     
  10. kaljor

    kaljor TUG Member

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    The program fee is 56 cents per 1000 points across all the points you own. There is a minimum annual program fee of $131 per year, but with the amount of points you seem to be acquiring that won't come into play. There is no way to lower the program fee.
     
  11. HitchHiker71

    HitchHiker71 TUG Member

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    The program fee is either 0.56/1000 or 0.58/1000 depending on whether you are a Plus Partners (PP) member IIRC. So in your example, assuming PP membership:

    Annual MF: 308k / 1000 * $6.44 = $1983.42
    Annual PF: 308k /1000 * $0.58 = $178.64
    TOTAL: $2162.06

    In the above example I'm assuming that the $6.44/1000 MF rate also includes reserve fund and property taxes, since it's a resale contract (which is almost always the case IME).
     
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  12. basham

    basham TUG Member

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    For 2018 Bonnet Creek's maintenance fee was $5.86/1000. For a developer purchase of 300K the program fee was 58 cents. So all up 5.86 + .58 = 6.44/1000.

    It would appear that your rate of $6.439/1000 included the program fee (and the prior owner purchased from Wyndham) and it will not be additional.

    2019 rates should be out shortly, in fact Bonnet Creek owners may already know their 2019 MF. Usually a 3-5% increase year over year is expected.
     
    Last edited: Nov 9, 2018
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