Seller Financing Calculator

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

Payment Date	Payment #	Interest Paid	Principal Paid	Total Payment	Remaining Balance
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, 2023
Payoff Date:			May, 2053
Total Interest Paid:			$485,228.42
Total Payment:			$885,228.42
Mortgage Amortization Schedule
Jun, 2023	1	$2,078.33	$380.63	$2,458.97	$399,619.37
Jul, 2023	2	$2,076.36	$382.61	$2,458.97	$399,236.75
Aug, 2023	3	$2,074.37	$384.60	$2,458.97	$398,852.15
Sep, 2023	4	$2,072.37	$386.60	$2,458.97	$398,465.55
Oct, 2023	5	$2,070.36	$388.61	$2,458.97	$398,076.95
Nov, 2023	6	$2,068.34	$390.63	$2,458.97	$397,686.32
Dec, 2023	7	$2,066.31	$392.66	$2,458.97	$397,293.66
Jan, 2024	8	$2,064.27	$394.70	$2,458.97	$396,898.97
Feb, 2024	9	$2,062.22	$396.75	$2,458.97	$396,502.22
Mar, 2024	10	$2,060.16	$398.81	$2,458.97	$396,103.41
Apr, 2024	11	$2,058.09	$400.88	$2,458.97	$395,702.53
May, 2024	12	$2,056.00	$402.96	$2,458.97	$395,299.57
Jun, 2024	13	$2,053.91	$405.06	$2,458.97	$394,894.51
Jul, 2024	14	$2,051.81	$407.16	$2,458.97	$394,487.35
Aug, 2024	15	$2,049.69	$409.28	$2,458.97	$394,078.07
Sep, 2024	16	$2,047.56	$411.40	$2,458.97	$393,666.67
Oct, 2024	17	$2,045.43	$413.54	$2,458.97	$393,253.13
Nov, 2024	18	$2,043.28	$415.69	$2,458.97	$392,837.44
Dec, 2024	19	$2,041.12	$417.85	$2,458.97	$392,419.59
Jan, 2025	20	$2,038.95	$420.02	$2,458.97	$391,999.57
Feb, 2025	21	$2,036.76	$422.20	$2,458.97	$391,577.36
Mar, 2025	22	$2,034.57	$424.40	$2,458.97	$391,152.97
Apr, 2025	23	$2,032.37	$426.60	$2,458.97	$390,726.36
May, 2025	24	$2,030.15	$428.82	$2,458.97	$390,297.55
Jun, 2025	25	$2,027.92	$431.05	$2,458.97	$389,866.50
Jul, 2025	26	$2,025.68	$433.29	$2,458.97	$389,433.21
Aug, 2025	27	$2,023.43	$435.54	$2,458.97	$388,997.67
Sep, 2025	28	$2,021.17	$437.80	$2,458.97	$388,559.87
Oct, 2025	29	$2,018.89	$440.08	$2,458.97	$388,119.80
Nov, 2025	30	$2,016.61	$442.36	$2,458.97	$387,677.44
Dec, 2025	31	$2,014.31	$444.66	$2,458.97	$387,232.78
Jan, 2026	32	$2,012.00	$446.97	$2,458.97	$386,785.80
Feb, 2026	33	$2,009.67	$449.29	$2,458.97	$386,336.51
Mar, 2026	34	$2,007.34	$451.63	$2,458.97	$385,884.88
Apr, 2026	35	$2,004.99	$453.97	$2,458.97	$385,430.91
May, 2026	36	$2,002.63	$456.33	$2,458.97	$384,974.58
Jun, 2026	37	$2,000.26	$458.70	$2,458.97	$384,515.87
Jul, 2026	38	$1,997.88	$461.09	$2,458.97	$384,054.78
Aug, 2026	39	$1,995.48	$463.48	$2,458.97	$383,591.30
Sep, 2026	40	$1,993.08	$465.89	$2,458.97	$383,125.41
Oct, 2026	41	$1,990.66	$468.31	$2,458.97	$382,657.10
Nov, 2026	42	$1,988.22	$470.75	$2,458.97	$382,186.35
Dec, 2026	43	$1,985.78	$473.19	$2,458.97	$381,713.16
Jan, 2027	44	$1,983.32	$475.65	$2,458.97	$381,237.51
Feb, 2027	45	$1,980.85	$478.12	$2,458.97	$380,759.39
Mar, 2027	46	$1,978.36	$480.61	$2,458.97	$380,278.79
Apr, 2027	47	$1,975.87	$483.10	$2,458.97	$379,795.68
May, 2027	48	$1,973.36	$485.61	$2,458.97	$379,310.07
Jun, 2027	49	$1,970.83	$488.14	$2,458.97	$378,821.93
Jul, 2027	50	$1,968.30	$490.67	$2,458.97	$378,331.26
Aug, 2027	51	$1,965.75	$493.22	$2,458.97	$377,838.04
Sep, 2027	52	$1,963.18	$495.78	$2,458.97	$377,342.26
Oct, 2027	53	$1,960.61	$498.36	$2,458.97	$376,843.90
Nov, 2027	54	$1,958.02	$500.95	$2,458.97	$376,342.95
Dec, 2027	55	$1,955.42	$503.55	$2,458.97	$375,839.39
Jan, 2028	56	$1,952.80	$506.17	$2,458.97	$375,333.22
Feb, 2028	57	$1,950.17	$508.80	$2,458.97	$374,824.42
Mar, 2028	58	$1,947.53	$511.44	$2,458.97	$374,312.98
Apr, 2028	59	$1,944.87	$514.10	$2,458.97	$373,798.88
May, 2028	60	$1,942.20	$516.77	$2,458.97	$373,282.11
Jun, 2028	61	$1,939.51	$519.46	$2,458.97	$372,762.65
Jul, 2028	62	$1,936.81	$522.16	$2,458.97	$372,240.50
Aug, 2028	63	$1,934.10	$524.87	$2,458.97	$371,715.63
Sep, 2028	64	$1,931.37	$527.60	$2,458.97	$371,188.04
Oct, 2028	65	$1,928.63	$530.34	$2,458.97	$370,657.70
Nov, 2028	66	$1,925.88	$533.09	$2,458.97	$370,124.61
Dec, 2028	67	$1,923.11	$535.86	$2,458.97	$369,588.75
Jan, 2029	68	$1,920.32	$538.65	$2,458.97	$369,050.10
Feb, 2029	69	$1,917.52	$541.45	$2,458.97	$368,508.65
Mar, 2029	70	$1,914.71	$544.26	$2,458.97	$367,964.40
Apr, 2029	71	$1,911.88	$547.09	$2,458.97	$367,417.31
May, 2029	72	$1,909.04	$549.93	$2,458.97	$366,867.38
Jun, 2029	73	$1,906.18	$552.79	$2,458.97	$366,314.59
Jul, 2029	74	$1,903.31	$555.66	$2,458.97	$365,758.94
Aug, 2029	75	$1,900.42	$558.55	$2,458.97	$365,200.39
Sep, 2029	76	$1,897.52	$561.45	$2,458.97	$364,638.94
Oct, 2029	77	$1,894.60	$564.36	$2,458.97	$364,074.58
Nov, 2029	78	$1,891.67	$567.30	$2,458.97	$363,507.28
Dec, 2029	79	$1,888.72	$570.24	$2,458.97	$362,937.04
Jan, 2030	80	$1,885.76	$573.21	$2,458.97	$362,363.83
Feb, 2030	81	$1,882.78	$576.19	$2,458.97	$361,787.64
Mar, 2030	82	$1,879.79	$579.18	$2,458.97	$361,208.46
Apr, 2030	83	$1,876.78	$582.19	$2,458.97	$360,626.28
May, 2030	84	$1,873.75	$585.21	$2,458.97	$360,041.06
Jun, 2030	85	$1,870.71	$588.25	$2,458.97	$359,452.81
Jul, 2030	86	$1,867.66	$591.31	$2,458.97	$358,861.50
Aug, 2030	87	$1,864.58	$594.38	$2,458.97	$358,267.11
Sep, 2030	88	$1,861.50	$597.47	$2,458.97	$357,669.64
Oct, 2030	89	$1,858.39	$600.58	$2,458.97	$357,069.07
Nov, 2030	90	$1,855.27	$603.70	$2,458.97	$356,465.37
Dec, 2030	91	$1,852.13	$606.83	$2,458.97	$355,858.54
Jan, 2031	92	$1,848.98	$609.99	$2,458.97	$355,248.55
Feb, 2031	93	$1,845.81	$613.16	$2,458.97	$354,635.39
Mar, 2031	94	$1,842.63	$616.34	$2,458.97	$354,019.05
Apr, 2031	95	$1,839.42	$619.54	$2,458.97	$353,399.51
May, 2031	96	$1,836.20	$622.76	$2,458.97	$352,776.75
Jun, 2031	97	$1,832.97	$626.00	$2,458.97	$352,150.75
Jul, 2031	98	$1,829.72	$629.25	$2,458.97	$351,521.50
Aug, 2031	99	$1,826.45	$632.52	$2,458.97	$350,888.98
Sep, 2031	100	$1,823.16	$635.81	$2,458.97	$350,253.17
Oct, 2031	101	$1,819.86	$639.11	$2,458.97	$349,614.06
Nov, 2031	102	$1,816.54	$642.43	$2,458.97	$348,971.63
Dec, 2031	103	$1,813.20	$645.77	$2,458.97	$348,325.86
Jan, 2032	104	$1,809.84	$649.12	$2,458.97	$347,676.73
Feb, 2032	105	$1,806.47	$652.50	$2,458.97	$347,024.23
Mar, 2032	106	$1,803.08	$655.89	$2,458.97	$346,368.35
Apr, 2032	107	$1,799.67	$659.30	$2,458.97	$345,709.05
May, 2032	108	$1,796.25	$662.72	$2,458.97	$345,046.33
Jun, 2032	109	$1,792.80	$666.16	$2,458.97	$344,380.16
Jul, 2032	110	$1,789.34	$669.63	$2,458.97	$343,710.54
Aug, 2032	111	$1,785.86	$673.11	$2,458.97	$343,037.43
Sep, 2032	112	$1,782.37	$676.60	$2,458.97	$342,360.83
Oct, 2032	113	$1,778.85	$680.12	$2,458.97	$341,680.71
Nov, 2032	114	$1,775.32	$683.65	$2,458.97	$340,997.06
Dec, 2032	115	$1,771.76	$687.20	$2,458.97	$340,309.86
Jan, 2033	116	$1,768.19	$690.77	$2,458.97	$339,619.08
Feb, 2033	117	$1,764.60	$694.36	$2,458.97	$338,924.72
Mar, 2033	118	$1,761.00	$697.97	$2,458.97	$338,226.75
Apr, 2033	119	$1,757.37	$701.60	$2,458.97	$337,525.15
May, 2033	120	$1,753.72	$705.24	$2,458.97	$336,819.91
Jun, 2033	121	$1,750.06	$708.91	$2,458.97	$336,111.00
Jul, 2033	122	$1,746.38	$712.59	$2,458.97	$335,398.41
Aug, 2033	123	$1,742.67	$716.29	$2,458.97	$334,682.11
Sep, 2033	124	$1,738.95	$720.02	$2,458.97	$333,962.10
Oct, 2033	125	$1,735.21	$723.76	$2,458.97	$333,238.34
Nov, 2033	126	$1,731.45	$727.52	$2,458.97	$332,510.83
Dec, 2033	127	$1,727.67	$731.30	$2,458.97	$331,779.53
Jan, 2034	128	$1,723.87	$735.10	$2,458.97	$331,044.43
Feb, 2034	129	$1,720.05	$738.92	$2,458.97	$330,305.52
Mar, 2034	130	$1,716.21	$742.76	$2,458.97	$329,562.76
Apr, 2034	131	$1,712.35	$746.61	$2,458.97	$328,816.15
May, 2034	132	$1,708.47	$750.49	$2,458.97	$328,065.65
Jun, 2034	133	$1,704.57	$754.39	$2,458.97	$327,311.26
Jul, 2034	134	$1,700.65	$758.31	$2,458.97	$326,552.95
Aug, 2034	135	$1,696.71	$762.25	$2,458.97	$325,790.69
Sep, 2034	136	$1,692.75	$766.21	$2,458.97	$325,024.48
Oct, 2034	137	$1,688.77	$770.19	$2,458.97	$324,254.28
Nov, 2034	138	$1,684.77	$774.20	$2,458.97	$323,480.09
Dec, 2034	139	$1,680.75	$778.22	$2,458.97	$322,701.87
Jan, 2035	140	$1,676.71	$782.26	$2,458.97	$321,919.60
Feb, 2035	141	$1,672.64	$786.33	$2,458.97	$321,133.28
Mar, 2035	142	$1,668.55	$790.41	$2,458.97	$320,342.86
Apr, 2035	143	$1,664.45	$794.52	$2,458.97	$319,548.35
May, 2035	144	$1,660.32	$798.65	$2,458.97	$318,749.70
Jun, 2035	145	$1,656.17	$802.80	$2,458.97	$317,946.90
Jul, 2035	146	$1,652.00	$806.97	$2,458.97	$317,139.93
Aug, 2035	147	$1,647.81	$811.16	$2,458.97	$316,328.77
Sep, 2035	148	$1,643.59	$815.38	$2,458.97	$315,513.39
Oct, 2035	149	$1,639.36	$819.61	$2,458.97	$314,693.78
Nov, 2035	150	$1,635.10	$823.87	$2,458.97	$313,869.91
Dec, 2035	151	$1,630.82	$828.15	$2,458.97	$313,041.76
Jan, 2036	152	$1,626.51	$832.46	$2,458.97	$312,209.30
Feb, 2036	153	$1,622.19	$836.78	$2,458.97	$311,372.52
Mar, 2036	154	$1,617.84	$841.13	$2,458.97	$310,531.39
Apr, 2036	155	$1,613.47	$845.50	$2,458.97	$309,685.89
May, 2036	156	$1,609.08	$849.89	$2,458.97	$308,836.00
Jun, 2036	157	$1,604.66	$854.31	$2,458.97	$307,981.70
Jul, 2036	158	$1,600.22	$858.75	$2,458.97	$307,122.95
Aug, 2036	159	$1,595.76	$863.21	$2,458.97	$306,259.74
Sep, 2036	160	$1,591.27	$867.69	$2,458.97	$305,392.05
Oct, 2036	161	$1,586.77	$872.20	$2,458.97	$304,519.85
Nov, 2036	162	$1,582.23	$876.73	$2,458.97	$303,643.11
Dec, 2036	163	$1,577.68	$881.29	$2,458.97	$302,761.82
Jan, 2037	164	$1,573.10	$885.87	$2,458.97	$301,875.96
Feb, 2037	165	$1,568.50	$890.47	$2,458.97	$300,985.49
Mar, 2037	166	$1,563.87	$895.10	$2,458.97	$300,090.39
Apr, 2037	167	$1,559.22	$899.75	$2,458.97	$299,190.64
May, 2037	168	$1,554.54	$904.42	$2,458.97	$298,286.22
Jun, 2037	169	$1,549.85	$909.12	$2,458.97	$297,377.09
Jul, 2037	170	$1,545.12	$913.85	$2,458.97	$296,463.25
Aug, 2037	171	$1,540.37	$918.59	$2,458.97	$295,544.65
Sep, 2037	172	$1,535.60	$923.37	$2,458.97	$294,621.29
Oct, 2037	173	$1,530.80	$928.16	$2,458.97	$293,693.12
Nov, 2037	174	$1,525.98	$932.99	$2,458.97	$292,760.14
Dec, 2037	175	$1,521.13	$937.83	$2,458.97	$291,822.30
Jan, 2038	176	$1,516.26	$942.71	$2,458.97	$290,879.59
Feb, 2038	177	$1,511.36	$947.61	$2,458.97	$289,931.99
Mar, 2038	178	$1,506.44	$952.53	$2,458.97	$288,979.46
Apr, 2038	179	$1,501.49	$957.48	$2,458.97	$288,021.98
May, 2038	180	$1,496.51	$962.45	$2,458.97	$287,059.52
Jun, 2038	181	$1,491.51	$967.45	$2,458.97	$286,092.07
Jul, 2038	182	$1,486.49	$972.48	$2,458.97	$285,119.59
Aug, 2038	183	$1,481.43	$977.53	$2,458.97	$284,142.06
Sep, 2038	184	$1,476.35	$982.61	$2,458.97	$283,159.44
Oct, 2038	185	$1,471.25	$987.72	$2,458.97	$282,171.72
Nov, 2038	186	$1,466.12	$992.85	$2,458.97	$281,178.87
Dec, 2038	187	$1,460.96	$998.01	$2,458.97	$280,180.86
Jan, 2039	188	$1,455.77	$1,003.19	$2,458.97	$279,177.67
Feb, 2039	189	$1,450.56	$1,008.41	$2,458.97	$278,169.26
Mar, 2039	190	$1,445.32	$1,013.65	$2,458.97	$277,155.61
Apr, 2039	191	$1,440.05	$1,018.91	$2,458.97	$276,136.70
May, 2039	192	$1,434.76	$1,024.21	$2,458.97	$275,112.49
Jun, 2039	193	$1,429.44	$1,029.53	$2,458.97	$274,082.96
Jul, 2039	194	$1,424.09	$1,034.88	$2,458.97	$273,048.09
Aug, 2039	195	$1,418.71	$1,040.26	$2,458.97	$272,007.83
Sep, 2039	196	$1,413.31	$1,045.66	$2,458.97	$270,962.17
Oct, 2039	197	$1,407.87	$1,051.09	$2,458.97	$269,911.08
Nov, 2039	198	$1,402.41	$1,056.55	$2,458.97	$268,854.52
Dec, 2039	199	$1,396.92	$1,062.04	$2,458.97	$267,792.48
Jan, 2040	200	$1,391.41	$1,067.56	$2,458.97	$266,724.91
Feb, 2040	201	$1,385.86	$1,073.11	$2,458.97	$265,651.80
Mar, 2040	202	$1,380.28	$1,078.69	$2,458.97	$264,573.12
Apr, 2040	203	$1,374.68	$1,084.29	$2,458.97	$263,488.83
May, 2040	204	$1,369.04	$1,089.92	$2,458.97	$262,398.91
Jun, 2040	205	$1,363.38	$1,095.59	$2,458.97	$261,303.32
Jul, 2040	206	$1,357.69	$1,101.28	$2,458.97	$260,202.04
Aug, 2040	207	$1,351.97	$1,107.00	$2,458.97	$259,095.04
Sep, 2040	208	$1,346.21	$1,112.75	$2,458.97	$257,982.29
Oct, 2040	209	$1,340.43	$1,118.53	$2,458.97	$256,863.75
Nov, 2040	210	$1,334.62	$1,124.35	$2,458.97	$255,739.40
Dec, 2040	211	$1,328.78	$1,130.19	$2,458.97	$254,609.22
Jan, 2041	212	$1,322.91	$1,136.06	$2,458.97	$253,473.15
Feb, 2041	213	$1,317.00	$1,141.96	$2,458.97	$252,331.19
Mar, 2041	214	$1,311.07	$1,147.90	$2,458.97	$251,183.29
Apr, 2041	215	$1,305.11	$1,153.86	$2,458.97	$250,029.43
May, 2041	216	$1,299.11	$1,159.86	$2,458.97	$248,869.58
Jun, 2041	217	$1,293.08	$1,165.88	$2,458.97	$247,703.69
Jul, 2041	218	$1,287.03	$1,171.94	$2,458.97	$246,531.75
Aug, 2041	219	$1,280.94	$1,178.03	$2,458.97	$245,353.72
Sep, 2041	220	$1,274.82	$1,184.15	$2,458.97	$244,169.57
Oct, 2041	221	$1,268.66	$1,190.30	$2,458.97	$242,979.27
Nov, 2041	222	$1,262.48	$1,196.49	$2,458.97	$241,782.78
Dec, 2041	223	$1,256.26	$1,202.70	$2,458.97	$240,580.08
Jan, 2042	224	$1,250.01	$1,208.95	$2,458.97	$239,371.12
Feb, 2042	225	$1,243.73	$1,215.24	$2,458.97	$238,155.89
Mar, 2042	226	$1,237.42	$1,221.55	$2,458.97	$236,934.34
Apr, 2042	227	$1,231.07	$1,227.90	$2,458.97	$235,706.44
May, 2042	228	$1,224.69	$1,234.28	$2,458.97	$234,472.16
Jun, 2042	229	$1,218.28	$1,240.69	$2,458.97	$233,231.47
Jul, 2042	230	$1,211.83	$1,247.14	$2,458.97	$231,984.34
Aug, 2042	231	$1,205.35	$1,253.62	$2,458.97	$230,730.72
Sep, 2042	232	$1,198.84	$1,260.13	$2,458.97	$229,470.59
Oct, 2042	233	$1,192.29	$1,266.68	$2,458.97	$228,203.92
Nov, 2042	234	$1,185.71	$1,273.26	$2,458.97	$226,930.66
Dec, 2042	235	$1,179.09	$1,279.87	$2,458.97	$225,650.78
Jan, 2043	236	$1,172.44	$1,286.52	$2,458.97	$224,364.26
Feb, 2043	237	$1,165.76	$1,293.21	$2,458.97	$223,071.05
Mar, 2043	238	$1,159.04	$1,299.93	$2,458.97	$221,771.12
Apr, 2043	239	$1,152.29	$1,306.68	$2,458.97	$220,464.44
May, 2043	240	$1,145.50	$1,313.47	$2,458.97	$219,150.97
Jun, 2043	241	$1,138.67	$1,320.30	$2,458.97	$217,830.67
Jul, 2043	242	$1,131.81	$1,327.16	$2,458.97	$216,503.52
Aug, 2043	243	$1,124.92	$1,334.05	$2,458.97	$215,169.47
Sep, 2043	244	$1,117.98	$1,340.98	$2,458.97	$213,828.48
Oct, 2043	245	$1,111.02	$1,347.95	$2,458.97	$212,480.53
Nov, 2043	246	$1,104.01	$1,354.95	$2,458.97	$211,125.58
Dec, 2043	247	$1,096.97	$1,361.99	$2,458.97	$209,763.58
Jan, 2044	248	$1,089.90	$1,369.07	$2,458.97	$208,394.51
Feb, 2044	249	$1,082.78	$1,376.18	$2,458.97	$207,018.33
Mar, 2044	250	$1,075.63	$1,383.34	$2,458.97	$205,634.99
Apr, 2044	251	$1,068.45	$1,390.52	$2,458.97	$204,244.47
May, 2044	252	$1,061.22	$1,397.75	$2,458.97	$202,846.72
Jun, 2044	253	$1,053.96	$1,405.01	$2,458.97	$201,441.71
Jul, 2044	254	$1,046.66	$1,412.31	$2,458.97	$200,029.40
Aug, 2044	255	$1,039.32	$1,419.65	$2,458.97	$198,609.75
Sep, 2044	256	$1,031.94	$1,427.02	$2,458.97	$197,182.73
Oct, 2044	257	$1,024.53	$1,434.44	$2,458.97	$195,748.29
Nov, 2044	258	$1,017.08	$1,441.89	$2,458.97	$194,306.40
Dec, 2044	259	$1,009.58	$1,449.38	$2,458.97	$192,857.01
Jan, 2045	260	$1,002.05	$1,456.91	$2,458.97	$191,400.10
Feb, 2045	261	$994.48	$1,464.48	$2,458.97	$189,935.61
Mar, 2045	262	$986.87	$1,472.09	$2,458.97	$188,463.52
Apr, 2045	263	$979.23	$1,479.74	$2,458.97	$186,983.78
May, 2045	264	$971.54	$1,487.43	$2,458.97	$185,496.34
Jun, 2045	265	$963.81	$1,495.16	$2,458.97	$184,001.19
Jul, 2045	266	$956.04	$1,502.93	$2,458.97	$182,498.26
Aug, 2045	267	$948.23	$1,510.74	$2,458.97	$180,987.52
Sep, 2045	268	$940.38	$1,518.59	$2,458.97	$179,468.93
Oct, 2045	269	$932.49	$1,526.48	$2,458.97	$177,942.46
Nov, 2045	270	$924.56	$1,534.41	$2,458.97	$176,408.05
Dec, 2045	271	$916.59	$1,542.38	$2,458.97	$174,865.67
Jan, 2046	272	$908.57	$1,550.39	$2,458.97	$173,315.27
Feb, 2046	273	$900.52	$1,558.45	$2,458.97	$171,756.82
Mar, 2046	274	$892.42	$1,566.55	$2,458.97	$170,190.27
Apr, 2046	275	$884.28	$1,574.69	$2,458.97	$168,615.58
May, 2046	276	$876.10	$1,582.87	$2,458.97	$167,032.72
Jun, 2046	277	$867.87	$1,591.09	$2,458.97	$165,441.62
Jul, 2046	278	$859.61	$1,599.36	$2,458.97	$163,842.26
Aug, 2046	279	$851.30	$1,607.67	$2,458.97	$162,234.59
Sep, 2046	280	$842.94	$1,616.02	$2,458.97	$160,618.57
Oct, 2046	281	$834.55	$1,624.42	$2,458.97	$158,994.15
Nov, 2046	282	$826.11	$1,632.86	$2,458.97	$157,361.29
Dec, 2046	283	$817.62	$1,641.34	$2,458.97	$155,719.94
Jan, 2047	284	$809.09	$1,649.87	$2,458.97	$154,070.07
Feb, 2047	285	$800.52	$1,658.45	$2,458.97	$152,411.62
Mar, 2047	286	$791.91	$1,667.06	$2,458.97	$150,744.56
Apr, 2047	287	$783.24	$1,675.72	$2,458.97	$149,068.84
May, 2047	288	$774.54	$1,684.43	$2,458.97	$147,384.40
Jun, 2047	289	$765.78	$1,693.18	$2,458.97	$145,691.22
Jul, 2047	290	$756.99	$1,701.98	$2,458.97	$143,989.24
Aug, 2047	291	$748.14	$1,710.82	$2,458.97	$142,278.42
Sep, 2047	292	$739.25	$1,719.71	$2,458.97	$140,558.70
Oct, 2047	293	$730.32	$1,728.65	$2,458.97	$138,830.06
Nov, 2047	294	$721.34	$1,737.63	$2,458.97	$137,092.43
Dec, 2047	295	$712.31	$1,746.66	$2,458.97	$135,345.77
Jan, 2048	296	$703.23	$1,755.73	$2,458.97	$133,590.03
Feb, 2048	297	$694.11	$1,764.86	$2,458.97	$131,825.18
Mar, 2048	298	$684.94	$1,774.03	$2,458.97	$130,051.15
Apr, 2048	299	$675.72	$1,783.24	$2,458.97	$128,267.91
May, 2048	300	$666.46	$1,792.51	$2,458.97	$126,475.40
Jun, 2048	301	$657.15	$1,801.82	$2,458.97	$124,673.58
Jul, 2048	302	$647.78	$1,811.18	$2,458.97	$122,862.39
Aug, 2048	303	$638.37	$1,820.60	$2,458.97	$121,041.80
Sep, 2048	304	$628.91	$1,830.05	$2,458.97	$119,211.74
Oct, 2048	305	$619.40	$1,839.56	$2,458.97	$117,372.18
Nov, 2048	306	$609.85	$1,849.12	$2,458.97	$115,523.06
Dec, 2048	307	$600.24	$1,858.73	$2,458.97	$113,664.33
Jan, 2049	308	$590.58	$1,868.39	$2,458.97	$111,795.94
Feb, 2049	309	$580.87	$1,878.09	$2,458.97	$109,917.84
Mar, 2049	310	$571.11	$1,887.85	$2,458.97	$108,029.99
Apr, 2049	311	$561.31	$1,897.66	$2,458.97	$106,132.33
May, 2049	312	$551.45	$1,907.52	$2,458.97	$104,224.81
Jun, 2049	313	$541.53	$1,917.43	$2,458.97	$102,307.37
Jul, 2049	314	$531.57	$1,927.40	$2,458.97	$100,379.98
Aug, 2049	315	$521.56	$1,937.41	$2,458.97	$98,442.57
Sep, 2049	316	$511.49	$1,947.48	$2,458.97	$96,495.09
Oct, 2049	317	$501.37	$1,957.60	$2,458.97	$94,537.50
Nov, 2049	318	$491.20	$1,967.77	$2,458.97	$92,569.73
Dec, 2049	319	$480.98	$1,977.99	$2,458.97	$90,591.74
Jan, 2050	320	$470.70	$1,988.27	$2,458.97	$88,603.47
Feb, 2050	321	$460.37	$1,998.60	$2,458.97	$86,604.87
Mar, 2050	322	$449.98	$2,008.98	$2,458.97	$84,595.89
Apr, 2050	323	$439.55	$2,019.42	$2,458.97	$82,576.47
May, 2050	324	$429.05	$2,029.91	$2,458.97	$80,546.55
Jun, 2050	325	$418.51	$2,040.46	$2,458.97	$78,506.09
Jul, 2050	326	$407.90	$2,051.06	$2,458.97	$76,455.03
Aug, 2050	327	$397.25	$2,061.72	$2,458.97	$74,393.31
Sep, 2050	328	$386.54	$2,072.43	$2,458.97	$72,320.87
Oct, 2050	329	$375.77	$2,083.20	$2,458.97	$70,237.67
Nov, 2050	330	$364.94	$2,094.02	$2,458.97	$68,143.65
Dec, 2050	331	$354.06	$2,104.90	$2,458.97	$66,038.74
Jan, 2051	332	$343.13	$2,115.84	$2,458.97	$63,922.90
Feb, 2051	333	$332.13	$2,126.84	$2,458.97	$61,796.07
Mar, 2051	334	$321.08	$2,137.89	$2,458.97	$59,658.18
Apr, 2051	335	$309.97	$2,148.99	$2,458.97	$57,509.19
May, 2051	336	$298.81	$2,160.16	$2,458.97	$55,349.03
Jun, 2051	337	$287.58	$2,171.38	$2,458.97	$53,177.65
Jul, 2051	338	$276.30	$2,182.67	$2,458.97	$50,994.98
Aug, 2051	339	$264.96	$2,194.01	$2,458.97	$48,800.97
Sep, 2051	340	$253.56	$2,205.41	$2,458.97	$46,595.57
Oct, 2051	341	$242.10	$2,216.87	$2,458.97	$44,378.70
Nov, 2051	342	$230.58	$2,228.38	$2,458.97	$42,150.32
Dec, 2051	343	$219.01	$2,239.96	$2,458.97	$39,910.36
Jan, 2052	344	$207.37	$2,251.60	$2,458.97	$37,658.76
Feb, 2052	345	$195.67	$2,263.30	$2,458.97	$35,395.46
Mar, 2052	346	$183.91	$2,275.06	$2,458.97	$33,120.40
Apr, 2052	347	$172.09	$2,286.88	$2,458.97	$30,833.52
May, 2052	348	$160.21	$2,298.76	$2,458.97	$28,534.76
Jun, 2052	349	$148.26	$2,310.71	$2,458.97	$26,224.05
Jul, 2052	350	$136.26	$2,322.71	$2,458.97	$23,901.34
Aug, 2052	351	$124.19	$2,334.78	$2,458.97	$21,566.56
Sep, 2052	352	$112.06	$2,346.91	$2,458.97	$19,219.65
Oct, 2052	353	$99.86	$2,359.11	$2,458.97	$16,860.54
Nov, 2052	354	$87.60	$2,371.36	$2,458.97	$14,489.18
Dec, 2052	355	$75.28	$2,383.68	$2,458.97	$12,105.49
Jan, 2053	356	$62.90	$2,396.07	$2,458.97	$9,709.42
Feb, 2053	357	$50.45	$2,408.52	$2,458.97	$7,300.90
Mar, 2053	358	$37.93	$2,421.03	$2,458.97	$4,879.87
Apr, 2053	359	$25.35	$2,433.61	$2,458.97	$2,446.26
May, 2053	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.