Seller financing calculator
Free seller financing calculator: price, down payment, rate, amortization and balloon year give the monthly payment, the balloon balance, total interest and a yearly payment schedule. Example: with typical numbers the monthly payment comes to $1,349. Free, no sign-up, every step shown.
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Read the guide: Subject-to real estate deals explained: entry fee, spread and due-on-sale →Plan the refinance or sale before year 5: $209,372 is still owed then.
In LeadCounty every property file opens this calculator with the county's value, tax owed and sales already filled in.
Payment schedule by year
| Year | Paid | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | $16,188 | $2,763 | $13,425 | $222,237 |
| 2 | $16,188 | $2,933 | $13,254 | $219,304 |
| 3 | $16,188 | $3,114 | $13,073 | $216,189 |
| 4 | $16,188 | $3,306 | $12,881 | $212,883 |
| 5 | $16,188 | $3,510 | $12,677 | $209,372 |
Get the real numbers for every property, already filled in.
In LeadCounty every property page carries its county record: value, yearly tax and any amount owed, every sale with its price, building facts, the owner and mailing address, and nearby sales (as each county publishes them). The deal calculator on each property uses them. Find the sellers with 37 seller lists, then run the deal in one place. The same calculators also run inside the app.
- 7-day free trial (the Explore trial needs no card)
- Refreshed every week from official records
- No contract, cancel any time
How to use the seller financing calculator
- The seller acts as the bank: you pay a down payment and then monthly payments to the seller.
- Payments are usually figured over 30 years, but the note often ends early with a balloon: the rest is due in one payment.
- The schedule shows how much of each year goes to interest and how much reduces the balance.
The formula
Payment = standard loan payment on the amount financed at the agreed rate over the amortization; the balloon = the balance left at the due date.
Worked example
With price of $250,000, down payment of 10%, interest rate of 6%, amortized over of 30 yrs and balloon after of 5 yrs, the monthly payment is $1,349. Plan the refinance or sale before year 5: $209,372 is still owed then.
Common mistakes
- Forgetting the balloon payment due date.
- Setting a rate higher than the state's usury or Dodd-Frank limits allow; ask an attorney.
- Not checking the buyer's ability to refinance at the balloon.
Estimates for planning only, not financial advice.
Questions
What is a balloon payment?
A lump sum due at the end of a short term. Monthly payments are calculated as if the loan lasted longer, then the balance left is due at once.
Who offers seller financing?
Owners with a paid-off house who want monthly income, a better price or a tax spread, often long-time owners and tired landlords.
Do state laws limit seller financing?
Yes, rules on interest rates and consumer protections can apply. Have an attorney draft the note and check your state.
Related guides and pages
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Owners of 15+ years and 36 more seller lists from county records, refreshed weekly. Tested on real sales: see the proof (/proof).
- 7 days free
- Explore: no card
- Full access: cancel before day 7, pay nothing
- Max 10 investors per county
