Seller Financing 2 Duplexes

[Dylan Husanov]

Hello all, working on a seller finance deal for 4 units in South FL and been running some numbers recently. 

What's the best way to calculate your monthly payment solely with the interest rate from seller? Would it be ( Purchase Price - DP = X (interest rate) / 12 = monthly payment) ? 

[Kevin Manafi]

Hi @Dylan Husanov, you're correct: the basic formula would be Loan Amount * (Interest Rate/12) = Monthly Interest-Only Payment. 

You can also Google "Interest-Only Mortgage Calculator" for a quick and easy way to have it calculated for you.

[Dylan Husanov]

Awesome, thank you Kevin