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Seller Financing Calculator

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