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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


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