Contract-for-deed planning tool
Land Contract & Balloon Calculator
Model the payment schedule and remaining balloon for a proposed land contract or contract for deed.
Land contract / contract for deed
Payment and balloon calculatorHow the result works
The assumptions stay visible.
AmortizationThe period used to calculate the monthly payment.
Contract termThe period before the remaining balance becomes due.
Total costDown payment, entered fees, scheduled payments and balloon combined.
Questions
Before you rely on the estimate
Is a land contract the same as a mortgage?
No. The legal structure, title transfer, remedies and consumer protections can differ by state and contract.
Why can the balloon be so large?
A short contract term combined with a long amortization schedule leaves much of the principal unpaid when the contract ends.
What should be reviewed before signing?
Use a qualified attorney and title professional to review title, security, transfer, default, cure, insurance, taxes, recording, prepayment and balloon terms.
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