Owner Financing Deal Calculator???

2 Replies

Hi Guys,

Looking for a resource of some kind of calculator that can help you structure an offer using seller financing?

What are you using?

What makes it an owner carry a good deal?

Thanks

(360) 979-9375

@Frank Matanane   Good deals I've done as a buyer are 10% down, 5 - 6% interest amortized over 30 years, with a 5 year balloon.  Most sellers don't want to wait 30 years, so that's why the 5 year balloon.

In terms of a calculator, any mortgage calculator on-line will show you the payment and the balance of the mortgage at 5 years when the balloon is due.

Note everything is negotiable with seller financing, but the terms above had the most takers, for me personally.

Good luck!

- Tom

Originally posted by @Tom S. :

@Frank Matanane  Good deals I've done as a buyer are 10% down, 5 - 6% interest amortized over 30 years, with a 5 year balloon.  Most sellers don't want to wait 30 years, so that's why the 5 year balloon.

In terms of a calculator, any mortgage calculator on-line will show you the payment and the balance of the mortgage at 5 years when the balloon is due.

Note everything is negotiable with seller financing, but the terms above had the most takers, for me personally.

Good luck!

- Tom

Thanks Tom

(360) 979-9375

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