Your options
Pay in full: cheapest overall if you have the cash. Get a paid-in-full receipt.
Board payment plan: ask in writing; get interest and late-fee terms on paper.
Home equity loan or line of credit: spreads the cost over years at a lower rate than most unsecured loans.
Personal loan: faster to arrange, higher rate.
Some associations borrow the money themselves and spread the cost through higher monthly fees. Ask whether that was considered.
See your numbers
Our free checker shows the monthly cost of each option on your exact amount.
General information, not legal advice. Rules vary by state and by your governing documents.