Land financing tool
Seller Financing Calculator
Estimate monthly payment, balloon balance, interest and total paid using the terms you are considering.
Seller-financed purchase
Payment and balloon calculatorHow the result works
The assumptions stay visible.
PrincipalPurchase price minus the entered down payment.
PaymentStandard monthly amortization from the entered rate and amortization term.
BalloonRemaining principal after the number of payments entered.
Questions
Before you rely on the estimate
What is a balloon payment?
A balloon is a remaining principal balance due before the loan would otherwise be fully amortized.
Does seller financing avoid closing costs?
Not necessarily. Title work, recording, legal documents, taxes, insurance, servicing and other costs can still apply.
Should I compare the contract with a bank loan?
Yes. Compare rate, term, balloon risk, total cost, prepayment rules, security documents and what happens after default.
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