Calculating Monthly Payment on Seller Financed Deal

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Calculating Monthly Payment on Seller Financed Deal

Brandon SturgillBusiness Member
Real Estate Broker · Columbus, OH · Member since 2013 · 3k+ posts · 1k+ votes

I have an executed contract with a purchase money mortgage. The terms are:

$35,000 Purchase Price

10% Down

8% Interest

30-yr Amortization

48 Month Balloon

The seller needs a minimum monthly of $350. What's the best way to structure this? 

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Thomas S.
Member since 2016 · 13k+ posts · 12k+ votes
9y

Go on line, search "mortgage calculator" and play with the numbers.

Your looking at approximately ..........   32K, 8%, 12 year amortisation if paying $350/month 

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  • Thomas S.
    Member since 2016 · 13k+ posts · 12k+ votes
    9y

    Go on line, search "mortgage calculator" and play with the numbers.

    Your looking at approximately ..........   32K, 8%, 12 year amortisation if paying $350/month 

    1Reply
  • Sean Carroll
    Investor · San Jose, CA · Member since 2017 · 453 posts · 254 votes
    9y

    @Brandon Sturgill zillow has a great calculator 

    0Reply
  • Account Closed
    Flipper · Tualatin, OR · Member since 2017 · 28 posts · 16 votes
    9y
    There is also a great free iOS app called Super Simple Mortgage Calculator
    0Reply
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