Seller carry back for creative financing.

[Billy Thurston]

hello BP.  i am looking at possibly trying to finance a deal with some seller carry back (2nd position note).

initial thoughts are:

seller carrying 20% of the purchase price (39,000)

at 6% interest with interest only payments for 5 years, then a balloon to pay off the 2nd position note.

comes out $195 a month

does this sound like a typical structure for seller carry back?

thanks and appreciate any and all feedback.