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Seller Financing Calculator

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Check Today's Mortgage Rates

Seller Financing Calculator is used to calculate the monthly mortgage payments with owner financing. The seller finance calculator is useful for homebuyers to estimate monthly payments and overall costs. It is also a helpful tool for homeowners to calculate passive income generated through owner's financing.

Seller Finance Calculator

Home Value
$
Down Payment
Mortgage Amount
Loan Terms
years
Interest Rate
First Payment Date
Amortization Schedule
Show By Month Year Check Local Mortgage Rates

Owner Financing Calculator

Home Value:
$500,000.00
Down Payment:
$100,000.00
Mortgage Amount:
$400,000.00
Monthly Payment:
$2,458.97
Total # Of Payments:
360
Start Date:
Jun, 2024
Payoff Date:
May, 2054
Total Interest Paid:
$485,228.42
Total Payment:
$885,228.42

Mortgage Amortization Schedule

Payment Date Payment # Interest Paid Principal Paid Total Payment Remaining Balance
Jun, 2024 1 $2,078.33 $380.63 $2,458.97 $399,619.37
Jul, 2024 2 $2,076.36 $382.61 $2,458.97 $399,236.75
Aug, 2024 3 $2,074.37 $384.60 $2,458.97 $398,852.15
Sep, 2024 4 $2,072.37 $386.60 $2,458.97 $398,465.55
Oct, 2024 5 $2,070.36 $388.61 $2,458.97 $398,076.95
Nov, 2024 6 $2,068.34 $390.63 $2,458.97 $397,686.32
Dec, 2024 7 $2,066.31 $392.66 $2,458.97 $397,293.66
Jan, 2025 8 $2,064.27 $394.70 $2,458.97 $396,898.97
Feb, 2025 9 $2,062.22 $396.75 $2,458.97 $396,502.22
Mar, 2025 10 $2,060.16 $398.81 $2,458.97 $396,103.41
Apr, 2025 11 $2,058.09 $400.88 $2,458.97 $395,702.53
May, 2025 12 $2,056.00 $402.96 $2,458.97 $395,299.57
Jun, 2025 13 $2,053.91 $405.06 $2,458.97 $394,894.51
Jul, 2025 14 $2,051.81 $407.16 $2,458.97 $394,487.35
Aug, 2025 15 $2,049.69 $409.28 $2,458.97 $394,078.07
Sep, 2025 16 $2,047.56 $411.40 $2,458.97 $393,666.67
Oct, 2025 17 $2,045.43 $413.54 $2,458.97 $393,253.13
Nov, 2025 18 $2,043.28 $415.69 $2,458.97 $392,837.44
Dec, 2025 19 $2,041.12 $417.85 $2,458.97 $392,419.59
Jan, 2026 20 $2,038.95 $420.02 $2,458.97 $391,999.57
Feb, 2026 21 $2,036.76 $422.20 $2,458.97 $391,577.36
Mar, 2026 22 $2,034.57 $424.40 $2,458.97 $391,152.97
Apr, 2026 23 $2,032.37 $426.60 $2,458.97 $390,726.36
May, 2026 24 $2,030.15 $428.82 $2,458.97 $390,297.55
Jun, 2026 25 $2,027.92 $431.05 $2,458.97 $389,866.50
Jul, 2026 26 $2,025.68 $433.29 $2,458.97 $389,433.21
Aug, 2026 27 $2,023.43 $435.54 $2,458.97 $388,997.67
Sep, 2026 28 $2,021.17 $437.80 $2,458.97 $388,559.87
Oct, 2026 29 $2,018.89 $440.08 $2,458.97 $388,119.80
Nov, 2026 30 $2,016.61 $442.36 $2,458.97 $387,677.44
Dec, 2026 31 $2,014.31 $444.66 $2,458.97 $387,232.78
Jan, 2027 32 $2,012.00 $446.97 $2,458.97 $386,785.80
Feb, 2027 33 $2,009.67 $449.29 $2,458.97 $386,336.51
Mar, 2027 34 $2,007.34 $451.63 $2,458.97 $385,884.88
Apr, 2027 35 $2,004.99 $453.97 $2,458.97 $385,430.91
May, 2027 36 $2,002.63 $456.33 $2,458.97 $384,974.58
Jun, 2027 37 $2,000.26 $458.70 $2,458.97 $384,515.87
Jul, 2027 38 $1,997.88 $461.09 $2,458.97 $384,054.78
Aug, 2027 39 $1,995.48 $463.48 $2,458.97 $383,591.30
Sep, 2027 40 $1,993.08 $465.89 $2,458.97 $383,125.41
Oct, 2027 41 $1,990.66 $468.31 $2,458.97 $382,657.10
Nov, 2027 42 $1,988.22 $470.75 $2,458.97 $382,186.35
Dec, 2027 43 $1,985.78 $473.19 $2,458.97 $381,713.16
Jan, 2028 44 $1,983.32 $475.65 $2,458.97 $381,237.51
Feb, 2028 45 $1,980.85 $478.12 $2,458.97 $380,759.39
Mar, 2028 46 $1,978.36 $480.61 $2,458.97 $380,278.79
Apr, 2028 47 $1,975.87 $483.10 $2,458.97 $379,795.68
May, 2028 48 $1,973.36 $485.61 $2,458.97 $379,310.07
Jun, 2028 49 $1,970.83 $488.14 $2,458.97 $378,821.93
Jul, 2028 50 $1,968.30 $490.67 $2,458.97 $378,331.26
Aug, 2028 51 $1,965.75 $493.22 $2,458.97 $377,838.04
Sep, 2028 52 $1,963.18 $495.78 $2,458.97 $377,342.26
Oct, 2028 53 $1,960.61 $498.36 $2,458.97 $376,843.90
Nov, 2028 54 $1,958.02 $500.95 $2,458.97 $376,342.95
Dec, 2028 55 $1,955.42 $503.55 $2,458.97 $375,839.39
Jan, 2029 56 $1,952.80 $506.17 $2,458.97 $375,333.22
Feb, 2029 57 $1,950.17 $508.80 $2,458.97 $374,824.42
Mar, 2029 58 $1,947.53 $511.44 $2,458.97 $374,312.98
Apr, 2029 59 $1,944.87 $514.10 $2,458.97 $373,798.88
May, 2029 60 $1,942.20 $516.77 $2,458.97 $373,282.11
Jun, 2029 61 $1,939.51 $519.46 $2,458.97 $372,762.65
Jul, 2029 62 $1,936.81 $522.16 $2,458.97 $372,240.50
Aug, 2029 63 $1,934.10 $524.87 $2,458.97 $371,715.63
Sep, 2029 64 $1,931.37 $527.60 $2,458.97 $371,188.04
Oct, 2029 65 $1,928.63 $530.34 $2,458.97 $370,657.70
Nov, 2029 66 $1,925.88 $533.09 $2,458.97 $370,124.61
Dec, 2029 67 $1,923.11 $535.86 $2,458.97 $369,588.75
Jan, 2030 68 $1,920.32 $538.65 $2,458.97 $369,050.10
Feb, 2030 69 $1,917.52 $541.45 $2,458.97 $368,508.65
Mar, 2030 70 $1,914.71 $544.26 $2,458.97 $367,964.40
Apr, 2030 71 $1,911.88 $547.09 $2,458.97 $367,417.31
May, 2030 72 $1,909.04 $549.93 $2,458.97 $366,867.38
Jun, 2030 73 $1,906.18 $552.79 $2,458.97 $366,314.59
Jul, 2030 74 $1,903.31 $555.66 $2,458.97 $365,758.94
Aug, 2030 75 $1,900.42 $558.55 $2,458.97 $365,200.39
Sep, 2030 76 $1,897.52 $561.45 $2,458.97 $364,638.94
Oct, 2030 77 $1,894.60 $564.36 $2,458.97 $364,074.58
Nov, 2030 78 $1,891.67 $567.30 $2,458.97 $363,507.28
Dec, 2030 79 $1,888.72 $570.24 $2,458.97 $362,937.04
Jan, 2031 80 $1,885.76 $573.21 $2,458.97 $362,363.83
Feb, 2031 81 $1,882.78 $576.19 $2,458.97 $361,787.64
Mar, 2031 82 $1,879.79 $579.18 $2,458.97 $361,208.46
Apr, 2031 83 $1,876.78 $582.19 $2,458.97 $360,626.28
May, 2031 84 $1,873.75 $585.21 $2,458.97 $360,041.06
Jun, 2031 85 $1,870.71 $588.25 $2,458.97 $359,452.81
Jul, 2031 86 $1,867.66 $591.31 $2,458.97 $358,861.50
Aug, 2031 87 $1,864.58 $594.38 $2,458.97 $358,267.11
Sep, 2031 88 $1,861.50 $597.47 $2,458.97 $357,669.64
Oct, 2031 89 $1,858.39 $600.58 $2,458.97 $357,069.07
Nov, 2031 90 $1,855.27 $603.70 $2,458.97 $356,465.37
Dec, 2031 91 $1,852.13 $606.83 $2,458.97 $355,858.54
Jan, 2032 92 $1,848.98 $609.99 $2,458.97 $355,248.55
Feb, 2032 93 $1,845.81 $613.16 $2,458.97 $354,635.39
Mar, 2032 94 $1,842.63 $616.34 $2,458.97 $354,019.05
Apr, 2032 95 $1,839.42 $619.54 $2,458.97 $353,399.51
May, 2032 96 $1,836.20 $622.76 $2,458.97 $352,776.75
Jun, 2032 97 $1,832.97 $626.00 $2,458.97 $352,150.75
Jul, 2032 98 $1,829.72 $629.25 $2,458.97 $351,521.50
Aug, 2032 99 $1,826.45 $632.52 $2,458.97 $350,888.98
Sep, 2032 100 $1,823.16 $635.81 $2,458.97 $350,253.17
Oct, 2032 101 $1,819.86 $639.11 $2,458.97 $349,614.06
Nov, 2032 102 $1,816.54 $642.43 $2,458.97 $348,971.63
Dec, 2032 103 $1,813.20 $645.77 $2,458.97 $348,325.86
Jan, 2033 104 $1,809.84 $649.12 $2,458.97 $347,676.73
Feb, 2033 105 $1,806.47 $652.50 $2,458.97 $347,024.23
Mar, 2033 106 $1,803.08 $655.89 $2,458.97 $346,368.35
Apr, 2033 107 $1,799.67 $659.30 $2,458.97 $345,709.05
May, 2033 108 $1,796.25 $662.72 $2,458.97 $345,046.33
Jun, 2033 109 $1,792.80 $666.16 $2,458.97 $344,380.16
Jul, 2033 110 $1,789.34 $669.63 $2,458.97 $343,710.54
Aug, 2033 111 $1,785.86 $673.11 $2,458.97 $343,037.43
Sep, 2033 112 $1,782.37 $676.60 $2,458.97 $342,360.83
Oct, 2033 113 $1,778.85 $680.12 $2,458.97 $341,680.71
Nov, 2033 114 $1,775.32 $683.65 $2,458.97 $340,997.06
Dec, 2033 115 $1,771.76 $687.20 $2,458.97 $340,309.86
Jan, 2034 116 $1,768.19 $690.77 $2,458.97 $339,619.08
Feb, 2034 117 $1,764.60 $694.36 $2,458.97 $338,924.72
Mar, 2034 118 $1,761.00 $697.97 $2,458.97 $338,226.75
Apr, 2034 119 $1,757.37 $701.60 $2,458.97 $337,525.15
May, 2034 120 $1,753.72 $705.24 $2,458.97 $336,819.91
Jun, 2034 121 $1,750.06 $708.91 $2,458.97 $336,111.00
Jul, 2034 122 $1,746.38 $712.59 $2,458.97 $335,398.41
Aug, 2034 123 $1,742.67 $716.29 $2,458.97 $334,682.11
Sep, 2034 124 $1,738.95 $720.02 $2,458.97 $333,962.10
Oct, 2034 125 $1,735.21 $723.76 $2,458.97 $333,238.34
Nov, 2034 126 $1,731.45 $727.52 $2,458.97 $332,510.83
Dec, 2034 127 $1,727.67 $731.30 $2,458.97 $331,779.53
Jan, 2035 128 $1,723.87 $735.10 $2,458.97 $331,044.43
Feb, 2035 129 $1,720.05 $738.92 $2,458.97 $330,305.52
Mar, 2035 130 $1,716.21 $742.76 $2,458.97 $329,562.76
Apr, 2035 131 $1,712.35 $746.61 $2,458.97 $328,816.15
May, 2035 132 $1,708.47 $750.49 $2,458.97 $328,065.65
Jun, 2035 133 $1,704.57 $754.39 $2,458.97 $327,311.26
Jul, 2035 134 $1,700.65 $758.31 $2,458.97 $326,552.95
Aug, 2035 135 $1,696.71 $762.25 $2,458.97 $325,790.69
Sep, 2035 136 $1,692.75 $766.21 $2,458.97 $325,024.48
Oct, 2035 137 $1,688.77 $770.19 $2,458.97 $324,254.28
Nov, 2035 138 $1,684.77 $774.20 $2,458.97 $323,480.09
Dec, 2035 139 $1,680.75 $778.22 $2,458.97 $322,701.87
Jan, 2036 140 $1,676.71 $782.26 $2,458.97 $321,919.60
Feb, 2036 141 $1,672.64 $786.33 $2,458.97 $321,133.28
Mar, 2036 142 $1,668.55 $790.41 $2,458.97 $320,342.86
Apr, 2036 143 $1,664.45 $794.52 $2,458.97 $319,548.35
May, 2036 144 $1,660.32 $798.65 $2,458.97 $318,749.70
Jun, 2036 145 $1,656.17 $802.80 $2,458.97 $317,946.90
Jul, 2036 146 $1,652.00 $806.97 $2,458.97 $317,139.93
Aug, 2036 147 $1,647.81 $811.16 $2,458.97 $316,328.77
Sep, 2036 148 $1,643.59 $815.38 $2,458.97 $315,513.39
Oct, 2036 149 $1,639.36 $819.61 $2,458.97 $314,693.78
Nov, 2036 150 $1,635.10 $823.87 $2,458.97 $313,869.91
Dec, 2036 151 $1,630.82 $828.15 $2,458.97 $313,041.76
Jan, 2037 152 $1,626.51 $832.46 $2,458.97 $312,209.30
Feb, 2037 153 $1,622.19 $836.78 $2,458.97 $311,372.52
Mar, 2037 154 $1,617.84 $841.13 $2,458.97 $310,531.39
Apr, 2037 155 $1,613.47 $845.50 $2,458.97 $309,685.89
May, 2037 156 $1,609.08 $849.89 $2,458.97 $308,836.00
Jun, 2037 157 $1,604.66 $854.31 $2,458.97 $307,981.70
Jul, 2037 158 $1,600.22 $858.75 $2,458.97 $307,122.95
Aug, 2037 159 $1,595.76 $863.21 $2,458.97 $306,259.74
Sep, 2037 160 $1,591.27 $867.69 $2,458.97 $305,392.05
Oct, 2037 161 $1,586.77 $872.20 $2,458.97 $304,519.85
Nov, 2037 162 $1,582.23 $876.73 $2,458.97 $303,643.11
Dec, 2037 163 $1,577.68 $881.29 $2,458.97 $302,761.82
Jan, 2038 164 $1,573.10 $885.87 $2,458.97 $301,875.96
Feb, 2038 165 $1,568.50 $890.47 $2,458.97 $300,985.49
Mar, 2038 166 $1,563.87 $895.10 $2,458.97 $300,090.39
Apr, 2038 167 $1,559.22 $899.75 $2,458.97 $299,190.64
May, 2038 168 $1,554.54 $904.42 $2,458.97 $298,286.22
Jun, 2038 169 $1,549.85 $909.12 $2,458.97 $297,377.09
Jul, 2038 170 $1,545.12 $913.85 $2,458.97 $296,463.25
Aug, 2038 171 $1,540.37 $918.59 $2,458.97 $295,544.65
Sep, 2038 172 $1,535.60 $923.37 $2,458.97 $294,621.29
Oct, 2038 173 $1,530.80 $928.16 $2,458.97 $293,693.12
Nov, 2038 174 $1,525.98 $932.99 $2,458.97 $292,760.14
Dec, 2038 175 $1,521.13 $937.83 $2,458.97 $291,822.30
Jan, 2039 176 $1,516.26 $942.71 $2,458.97 $290,879.59
Feb, 2039 177 $1,511.36 $947.61 $2,458.97 $289,931.99
Mar, 2039 178 $1,506.44 $952.53 $2,458.97 $288,979.46
Apr, 2039 179 $1,501.49 $957.48 $2,458.97 $288,021.98
May, 2039 180 $1,496.51 $962.45 $2,458.97 $287,059.52
Jun, 2039 181 $1,491.51 $967.45 $2,458.97 $286,092.07
Jul, 2039 182 $1,486.49 $972.48 $2,458.97 $285,119.59
Aug, 2039 183 $1,481.43 $977.53 $2,458.97 $284,142.06
Sep, 2039 184 $1,476.35 $982.61 $2,458.97 $283,159.44
Oct, 2039 185 $1,471.25 $987.72 $2,458.97 $282,171.72
Nov, 2039 186 $1,466.12 $992.85 $2,458.97 $281,178.87
Dec, 2039 187 $1,460.96 $998.01 $2,458.97 $280,180.86
Jan, 2040 188 $1,455.77 $1,003.19 $2,458.97 $279,177.67
Feb, 2040 189 $1,450.56 $1,008.41 $2,458.97 $278,169.26
Mar, 2040 190 $1,445.32 $1,013.65 $2,458.97 $277,155.61
Apr, 2040 191 $1,440.05 $1,018.91 $2,458.97 $276,136.70
May, 2040 192 $1,434.76 $1,024.21 $2,458.97 $275,112.49
Jun, 2040 193 $1,429.44 $1,029.53 $2,458.97 $274,082.96
Jul, 2040 194 $1,424.09 $1,034.88 $2,458.97 $273,048.09
Aug, 2040 195 $1,418.71 $1,040.26 $2,458.97 $272,007.83
Sep, 2040 196 $1,413.31 $1,045.66 $2,458.97 $270,962.17
Oct, 2040 197 $1,407.87 $1,051.09 $2,458.97 $269,911.08
Nov, 2040 198 $1,402.41 $1,056.55 $2,458.97 $268,854.52
Dec, 2040 199 $1,396.92 $1,062.04 $2,458.97 $267,792.48
Jan, 2041 200 $1,391.41 $1,067.56 $2,458.97 $266,724.91
Feb, 2041 201 $1,385.86 $1,073.11 $2,458.97 $265,651.80
Mar, 2041 202 $1,380.28 $1,078.69 $2,458.97 $264,573.12
Apr, 2041 203 $1,374.68 $1,084.29 $2,458.97 $263,488.83
May, 2041 204 $1,369.04 $1,089.92 $2,458.97 $262,398.91
Jun, 2041 205 $1,363.38 $1,095.59 $2,458.97 $261,303.32
Jul, 2041 206 $1,357.69 $1,101.28 $2,458.97 $260,202.04
Aug, 2041 207 $1,351.97 $1,107.00 $2,458.97 $259,095.04
Sep, 2041 208 $1,346.21 $1,112.75 $2,458.97 $257,982.29
Oct, 2041 209 $1,340.43 $1,118.53 $2,458.97 $256,863.75
Nov, 2041 210 $1,334.62 $1,124.35 $2,458.97 $255,739.40
Dec, 2041 211 $1,328.78 $1,130.19 $2,458.97 $254,609.22
Jan, 2042 212 $1,322.91 $1,136.06 $2,458.97 $253,473.15
Feb, 2042 213 $1,317.00 $1,141.96 $2,458.97 $252,331.19
Mar, 2042 214 $1,311.07 $1,147.90 $2,458.97 $251,183.29
Apr, 2042 215 $1,305.11 $1,153.86 $2,458.97 $250,029.43
May, 2042 216 $1,299.11 $1,159.86 $2,458.97 $248,869.58
Jun, 2042 217 $1,293.08 $1,165.88 $2,458.97 $247,703.69
Jul, 2042 218 $1,287.03 $1,171.94 $2,458.97 $246,531.75
Aug, 2042 219 $1,280.94 $1,178.03 $2,458.97 $245,353.72
Sep, 2042 220 $1,274.82 $1,184.15 $2,458.97 $244,169.57
Oct, 2042 221 $1,268.66 $1,190.30 $2,458.97 $242,979.27
Nov, 2042 222 $1,262.48 $1,196.49 $2,458.97 $241,782.78
Dec, 2042 223 $1,256.26 $1,202.70 $2,458.97 $240,580.08
Jan, 2043 224 $1,250.01 $1,208.95 $2,458.97 $239,371.12
Feb, 2043 225 $1,243.73 $1,215.24 $2,458.97 $238,155.89
Mar, 2043 226 $1,237.42 $1,221.55 $2,458.97 $236,934.34
Apr, 2043 227 $1,231.07 $1,227.90 $2,458.97 $235,706.44
May, 2043 228 $1,224.69 $1,234.28 $2,458.97 $234,472.16
Jun, 2043 229 $1,218.28 $1,240.69 $2,458.97 $233,231.47
Jul, 2043 230 $1,211.83 $1,247.14 $2,458.97 $231,984.34
Aug, 2043 231 $1,205.35 $1,253.62 $2,458.97 $230,730.72
Sep, 2043 232 $1,198.84 $1,260.13 $2,458.97 $229,470.59
Oct, 2043 233 $1,192.29 $1,266.68 $2,458.97 $228,203.92
Nov, 2043 234 $1,185.71 $1,273.26 $2,458.97 $226,930.66
Dec, 2043 235 $1,179.09 $1,279.87 $2,458.97 $225,650.78
Jan, 2044 236 $1,172.44 $1,286.52 $2,458.97 $224,364.26
Feb, 2044 237 $1,165.76 $1,293.21 $2,458.97 $223,071.05
Mar, 2044 238 $1,159.04 $1,299.93 $2,458.97 $221,771.12
Apr, 2044 239 $1,152.29 $1,306.68 $2,458.97 $220,464.44
May, 2044 240 $1,145.50 $1,313.47 $2,458.97 $219,150.97
Jun, 2044 241 $1,138.67 $1,320.30 $2,458.97 $217,830.67
Jul, 2044 242 $1,131.81 $1,327.16 $2,458.97 $216,503.52
Aug, 2044 243 $1,124.92 $1,334.05 $2,458.97 $215,169.47
Sep, 2044 244 $1,117.98 $1,340.98 $2,458.97 $213,828.48
Oct, 2044 245 $1,111.02 $1,347.95 $2,458.97 $212,480.53
Nov, 2044 246 $1,104.01 $1,354.95 $2,458.97 $211,125.58
Dec, 2044 247 $1,096.97 $1,361.99 $2,458.97 $209,763.58
Jan, 2045 248 $1,089.90 $1,369.07 $2,458.97 $208,394.51
Feb, 2045 249 $1,082.78 $1,376.18 $2,458.97 $207,018.33
Mar, 2045 250 $1,075.63 $1,383.34 $2,458.97 $205,634.99
Apr, 2045 251 $1,068.45 $1,390.52 $2,458.97 $204,244.47
May, 2045 252 $1,061.22 $1,397.75 $2,458.97 $202,846.72
Jun, 2045 253 $1,053.96 $1,405.01 $2,458.97 $201,441.71
Jul, 2045 254 $1,046.66 $1,412.31 $2,458.97 $200,029.40
Aug, 2045 255 $1,039.32 $1,419.65 $2,458.97 $198,609.75
Sep, 2045 256 $1,031.94 $1,427.02 $2,458.97 $197,182.73
Oct, 2045 257 $1,024.53 $1,434.44 $2,458.97 $195,748.29
Nov, 2045 258 $1,017.08 $1,441.89 $2,458.97 $194,306.40
Dec, 2045 259 $1,009.58 $1,449.38 $2,458.97 $192,857.01
Jan, 2046 260 $1,002.05 $1,456.91 $2,458.97 $191,400.10
Feb, 2046 261 $994.48 $1,464.48 $2,458.97 $189,935.61
Mar, 2046 262 $986.87 $1,472.09 $2,458.97 $188,463.52
Apr, 2046 263 $979.23 $1,479.74 $2,458.97 $186,983.78
May, 2046 264 $971.54 $1,487.43 $2,458.97 $185,496.34
Jun, 2046 265 $963.81 $1,495.16 $2,458.97 $184,001.19
Jul, 2046 266 $956.04 $1,502.93 $2,458.97 $182,498.26
Aug, 2046 267 $948.23 $1,510.74 $2,458.97 $180,987.52
Sep, 2046 268 $940.38 $1,518.59 $2,458.97 $179,468.93
Oct, 2046 269 $932.49 $1,526.48 $2,458.97 $177,942.46
Nov, 2046 270 $924.56 $1,534.41 $2,458.97 $176,408.05
Dec, 2046 271 $916.59 $1,542.38 $2,458.97 $174,865.67
Jan, 2047 272 $908.57 $1,550.39 $2,458.97 $173,315.27
Feb, 2047 273 $900.52 $1,558.45 $2,458.97 $171,756.82
Mar, 2047 274 $892.42 $1,566.55 $2,458.97 $170,190.27
Apr, 2047 275 $884.28 $1,574.69 $2,458.97 $168,615.58
May, 2047 276 $876.10 $1,582.87 $2,458.97 $167,032.72
Jun, 2047 277 $867.87 $1,591.09 $2,458.97 $165,441.62
Jul, 2047 278 $859.61 $1,599.36 $2,458.97 $163,842.26
Aug, 2047 279 $851.30 $1,607.67 $2,458.97 $162,234.59
Sep, 2047 280 $842.94 $1,616.02 $2,458.97 $160,618.57
Oct, 2047 281 $834.55 $1,624.42 $2,458.97 $158,994.15
Nov, 2047 282 $826.11 $1,632.86 $2,458.97 $157,361.29
Dec, 2047 283 $817.62 $1,641.34 $2,458.97 $155,719.94
Jan, 2048 284 $809.09 $1,649.87 $2,458.97 $154,070.07
Feb, 2048 285 $800.52 $1,658.45 $2,458.97 $152,411.62
Mar, 2048 286 $791.91 $1,667.06 $2,458.97 $150,744.56
Apr, 2048 287 $783.24 $1,675.72 $2,458.97 $149,068.84
May, 2048 288 $774.54 $1,684.43 $2,458.97 $147,384.40
Jun, 2048 289 $765.78 $1,693.18 $2,458.97 $145,691.22
Jul, 2048 290 $756.99 $1,701.98 $2,458.97 $143,989.24
Aug, 2048 291 $748.14 $1,710.82 $2,458.97 $142,278.42
Sep, 2048 292 $739.25 $1,719.71 $2,458.97 $140,558.70
Oct, 2048 293 $730.32 $1,728.65 $2,458.97 $138,830.06
Nov, 2048 294 $721.34 $1,737.63 $2,458.97 $137,092.43
Dec, 2048 295 $712.31 $1,746.66 $2,458.97 $135,345.77
Jan, 2049 296 $703.23 $1,755.73 $2,458.97 $133,590.03
Feb, 2049 297 $694.11 $1,764.86 $2,458.97 $131,825.18
Mar, 2049 298 $684.94 $1,774.03 $2,458.97 $130,051.15
Apr, 2049 299 $675.72 $1,783.24 $2,458.97 $128,267.91
May, 2049 300 $666.46 $1,792.51 $2,458.97 $126,475.40
Jun, 2049 301 $657.15 $1,801.82 $2,458.97 $124,673.58
Jul, 2049 302 $647.78 $1,811.18 $2,458.97 $122,862.39
Aug, 2049 303 $638.37 $1,820.60 $2,458.97 $121,041.80
Sep, 2049 304 $628.91 $1,830.05 $2,458.97 $119,211.74
Oct, 2049 305 $619.40 $1,839.56 $2,458.97 $117,372.18
Nov, 2049 306 $609.85 $1,849.12 $2,458.97 $115,523.06
Dec, 2049 307 $600.24 $1,858.73 $2,458.97 $113,664.33
Jan, 2050 308 $590.58 $1,868.39 $2,458.97 $111,795.94
Feb, 2050 309 $580.87 $1,878.09 $2,458.97 $109,917.84
Mar, 2050 310 $571.11 $1,887.85 $2,458.97 $108,029.99
Apr, 2050 311 $561.31 $1,897.66 $2,458.97 $106,132.33
May, 2050 312 $551.45 $1,907.52 $2,458.97 $104,224.81
Jun, 2050 313 $541.53 $1,917.43 $2,458.97 $102,307.37
Jul, 2050 314 $531.57 $1,927.40 $2,458.97 $100,379.98
Aug, 2050 315 $521.56 $1,937.41 $2,458.97 $98,442.57
Sep, 2050 316 $511.49 $1,947.48 $2,458.97 $96,495.09
Oct, 2050 317 $501.37 $1,957.60 $2,458.97 $94,537.50
Nov, 2050 318 $491.20 $1,967.77 $2,458.97 $92,569.73
Dec, 2050 319 $480.98 $1,977.99 $2,458.97 $90,591.74
Jan, 2051 320 $470.70 $1,988.27 $2,458.97 $88,603.47
Feb, 2051 321 $460.37 $1,998.60 $2,458.97 $86,604.87
Mar, 2051 322 $449.98 $2,008.98 $2,458.97 $84,595.89
Apr, 2051 323 $439.55 $2,019.42 $2,458.97 $82,576.47
May, 2051 324 $429.05 $2,029.91 $2,458.97 $80,546.55
Jun, 2051 325 $418.51 $2,040.46 $2,458.97 $78,506.09
Jul, 2051 326 $407.90 $2,051.06 $2,458.97 $76,455.03
Aug, 2051 327 $397.25 $2,061.72 $2,458.97 $74,393.31
Sep, 2051 328 $386.54 $2,072.43 $2,458.97 $72,320.87
Oct, 2051 329 $375.77 $2,083.20 $2,458.97 $70,237.67
Nov, 2051 330 $364.94 $2,094.02 $2,458.97 $68,143.65
Dec, 2051 331 $354.06 $2,104.90 $2,458.97 $66,038.74
Jan, 2052 332 $343.13 $2,115.84 $2,458.97 $63,922.90
Feb, 2052 333 $332.13 $2,126.84 $2,458.97 $61,796.07
Mar, 2052 334 $321.08 $2,137.89 $2,458.97 $59,658.18
Apr, 2052 335 $309.97 $2,148.99 $2,458.97 $57,509.19
May, 2052 336 $298.81 $2,160.16 $2,458.97 $55,349.03
Jun, 2052 337 $287.58 $2,171.38 $2,458.97 $53,177.65
Jul, 2052 338 $276.30 $2,182.67 $2,458.97 $50,994.98
Aug, 2052 339 $264.96 $2,194.01 $2,458.97 $48,800.97
Sep, 2052 340 $253.56 $2,205.41 $2,458.97 $46,595.57
Oct, 2052 341 $242.10 $2,216.87 $2,458.97 $44,378.70
Nov, 2052 342 $230.58 $2,228.38 $2,458.97 $42,150.32
Dec, 2052 343 $219.01 $2,239.96 $2,458.97 $39,910.36
Jan, 2053 344 $207.37 $2,251.60 $2,458.97 $37,658.76
Feb, 2053 345 $195.67 $2,263.30 $2,458.97 $35,395.46
Mar, 2053 346 $183.91 $2,275.06 $2,458.97 $33,120.40
Apr, 2053 347 $172.09 $2,286.88 $2,458.97 $30,833.52
May, 2053 348 $160.21 $2,298.76 $2,458.97 $28,534.76
Jun, 2053 349 $148.26 $2,310.71 $2,458.97 $26,224.05
Jul, 2053 350 $136.26 $2,322.71 $2,458.97 $23,901.34
Aug, 2053 351 $124.19 $2,334.78 $2,458.97 $21,566.56
Sep, 2053 352 $112.06 $2,346.91 $2,458.97 $19,219.65
Oct, 2053 353 $99.86 $2,359.11 $2,458.97 $16,860.54
Nov, 2053 354 $87.60 $2,371.36 $2,458.97 $14,489.18
Dec, 2053 355 $75.28 $2,383.68 $2,458.97 $12,105.49
Jan, 2054 356 $62.90 $2,396.07 $2,458.97 $9,709.42
Feb, 2054 357 $50.45 $2,408.52 $2,458.97 $7,300.90
Mar, 2054 358 $37.93 $2,421.03 $2,458.97 $4,879.87
Apr, 2054 359 $25.35 $2,433.61 $2,458.97 $2,446.26
May, 2054 360 $12.71 $2,446.26 $2,458.97 $0.00



What is seller financing?

Seller financing also known as owner financing is a mortgage provided by the home seller where the home seller acts as a seller and a lender.


How does seller financing work?

Seller financing allows the homebuyer to pay the seller in installments instead of getting a mortgage from traditional lenders like banks, credit unions, or other financial institutions. Seller financing gives professional real estate investors the option to cut out the middleman from transactions and therefore improve their margins and bottom lines. Only a small number of sellers are taking the role of lenders in real estate.


Types of Seller Financing Mortgages

There are different types of seller financing mortgages or agreements between the seller and the buyer.


Free and Clear

The seller has no mortgage and therefore is free and clear of any liens on the property. The buyer makes a down payment and pays monthly mortgage payments including principal and interest to the seller. The free and clear arrangement works similarly to a conventional mortgage.


Land Contracts

A short-term loan from the seller to the buyer. A land contract often involves balloon payments where the buyer makes low initial monthly payments and a final lump sum payment to pay off the whole loan balance. With a land contract, the seller has the rights to the title until the loan is paid in full. The buyer gets only an equitable interest in the property.


Assumable Mortgage

The seller has a transferable mortgage which allows the buyer to assume the mortgage and take over the mortgage payments. If the mortgage has a low-interest rate, the buyers are more willing to assume the mortgage and save money on interest payments.


All-Inclusive Mortgage

Also known as a wrap-around mortgage or All Inclusive Trust Deed (AITD) uses a promissory note between the seller and the buyer. A sizable down payment is required from the homebuyer.


Lease Purchase

Also known as rent-to-own where the buyer has the option to lease the property with the intent to buy the property in the future. In a lease option, the buyer pays an option fee to the seller to have the exclusive rights to buy the property at a later date.


Land Loan

A loan is used to finance the purchase of land instead of a property.



Pros and Cons of Seller Financing

There are advantages and drawbacks of seller financing for both the homebuyer and the home seller.


Pros of Seller Financing For Buyers

  • Faster Closing - the transaction can be closed much faster than going through a traditional lender where it takes about 30 to 60 days to get your mortgage approved.

  • Less Paperwork - traditional lenders require tons of paperwork and they can go back and forth asking for more information

  • Cheaper Closing Costs - the closing costs are between 3% to 6% for homebuyers with conventional mortgages. Seller financing is usually much cheaper.

  • Lower Down Payment Requirement - the down payment is negotiable between the buyer and the seller. No private insurance or PMI is necessary, which traditional lenders require when the down payment is less than 20%.

  • Flexible Credit Score - if you have a poor credit score, you may have a hard time getting a mortgage from a bank. Seller financing is more flexible on your credit scores.

  • Afford to Buy - seller financing is a good option for buyers to become homeowners who do not qualify for a traditional mortgage.

Cons of Seller Financing For Buyers

  • Higher Interest Rate - the interest rate you pay will be higher than mortgages from a bank because sellers are taking enormous risks and know that you can't afford a traditional mortgage.

  • Higher Overall Costs - although homebuyers save money on closing and upfront fees, they may end up paying more throughout the loan because of the higher interest payments.

  • Balloon Payments - seller financing generally doesn't last 15 to 30 years as a traditional mortgage does. Most sellers don't have the patience to wait that long to get the full payments. They may use a balloon payment where the homebuyer needs to make a lump sum payment at the end to pay off the mortgage. If you can't afford the final balloon payment, you may lose the house and the payments you've already made.

  • Risky - there are very few laws and regulations that protect homebuyers.

Not only are there benefits and drawbacks for buyers, but there are also pros and cons of seller financing for sellers.


Pros of Seller Financing For Sellers

  • Save on Closing Costs - although not as much as the buyers do, sellers can still save some money on closing costs.

  • Faster Closing - no need to wait 30 - 60 days for the buyer to get a mortgage. Faster closing allows the seller to sell the house more quickly.

  • Sell "as-is" - sellers may be able to sell their house in its current condition without making repairs and fixes for the property.

  • Good Investment - sellers can earn passive income from seller financing with a better return rate than other types of investments as the interest rate is higher.

  • Tax Savings - sellers can save money on capital tax gains by spreading out the income over time rather than as a lump sum.

  • Only Way to Sell - if a seller does not want to lower the price, and cannot find any other buyer who qualifies for a mortgage, seller financing may be an option.

Cons of Seller Financing For Sellers

  • Buyer Defaults - the biggest risk the sellers face is the buyer defaults on mortgage payments. The seller will have to deal with foreclosure.

  • Repairs - if the buyer defaults and damages the property, sellers will need to spend more money on repairs to sell the house again or a better price in foreclosure to recoup some losses.

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