Seller Financing Calculator
Calculate payments and terms for seller-financed deals.
What is Seller Financing?
Seller financing (owner financing) is when the property seller acts as the lender, allowing buyers to make payments directly to them instead of a traditional bank. This can offer more flexible terms and faster closings.
Loan Terms
$350,000
$35,000 (10.0%)
6%
30 years
Balloon Payment
5 years
Balloon Payment Explained:
A balloon payment is a large lump sum due at the end of the loan term. Payments are calculated as if the loan were amortized over a longer period, but the remaining balance is due at the balloon date.
Payment Schedule (First Year)
| Month | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | $1,889 | $314 | $1,575 | $314,686 |
| 2 | $1,889 | $315 | $1,573 | $314,371 |
| 3 | $1,889 | $317 | $1,572 | $314,055 |
| 4 | $1,889 | $318 | $1,570 | $313,736 |
| 5 | $1,889 | $320 | $1,569 | $313,416 |
| 6 | $1,889 | $322 | $1,567 | $313,095 |
| 7 | $1,889 | $323 | $1,565 | $312,772 |
| 8 | $1,889 | $325 | $1,564 | $312,447 |
| 9 | $1,889 | $326 | $1,562 | $312,121 |
| 10 | $1,889 | $328 | $1,561 | $311,793 |
| 11 | $1,889 | $330 | $1,559 | $311,463 |
| 12 | $1,889 | $331 | $1,557 | $311,132 |
Monthly Payment
$1,889
Principal & Interest
Balloon Payment
$293,121
Due in 5 years
Loan Summary
Loan Amount$315,000
Down Payment$35,000
Interest Rate6%
Total Interest$91,436
Total Payments$406,436
Benefits of Seller Financing
- ✓Flexible qualification criteria
- ✓Faster closing process
- ✓Negotiable terms and rates
- ✓Lower closing costs
- ✓No bank approval needed
Need Traditional Financing?
Compare seller financing with our competitive DSCR loan rates.