Can anyone please let me know a fair interest rate that can be charged on an owner financed loan to a buyer in TX ? I remember that there is a formula used to calculate the max rate but I wanted to know what people generally charge in TX for an owner financed note. Also would like to know the length of the loan you recommend for such a loan - details below. Details: Sale price : 103k Cash down : 70k Owner finance : 33k @ WHAT rate ??? Terms : 5 or 10 year note ???