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Creative Real Estate Financing

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Jeremy Fields
  • Real Estate Agent
  • Ivy, VA
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46
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Calculating seller finance payments

Jeremy Fields
  • Real Estate Agent
  • Ivy, VA
Posted Dec 9 2014, 12:26
I am working on my first purchase will seller financing and having a little trouble calculating payments. I will be offering $200000 and like to pay around $800/month. How do I calculate the interest, which in turn gives me the amount owed when the balloon is due in 5-10 years?

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