Seller Financing Calculator

Seller Financing Calculator is used to calculate the monthly payments for your mortgage with owner financing. The owner financing calculator is useful for both the homebuyer and homeseller to estimate the monthly payments and to check the monthly income stream.

Owner Financing Calculator
Home Value	$	Down Payment	$ %
Mortgage Amount		Loan Terms	years
Interest Rate		First Payment Date
Amortization Schedule	Show By Month Year	Check Local Mortgage Rates

Payment Date	Payment #	Interest Paid	Principal Paid	Total Payment	Remaining Balance
Purchase Money Mortgage Calculator
Home Value:			$500,000.00
Down Payment:			$100,000.00
Mortgage Amount:			$400,000.00
Monthly Payment:			$2,458.97
Total # Of Payments:			360
Start Date:			Dec, 2024
Payoff Date:			Nov, 2054
Total Interest Paid:			$485,228.42
Total Payment:			$885,228.42
Mortgage Amortization Schedule
Dec, 2024	1	$2,078.33	$380.63	$2,458.97	$399,619.37
Jan, 2025	2	$2,076.36	$382.61	$2,458.97	$399,236.75
Feb, 2025	3	$2,074.37	$384.60	$2,458.97	$398,852.15
Mar, 2025	4	$2,072.37	$386.60	$2,458.97	$398,465.55
Apr, 2025	5	$2,070.36	$388.61	$2,458.97	$398,076.95
May, 2025	6	$2,068.34	$390.63	$2,458.97	$397,686.32
Jun, 2025	7	$2,066.31	$392.66	$2,458.97	$397,293.66
Jul, 2025	8	$2,064.27	$394.70	$2,458.97	$396,898.97
Aug, 2025	9	$2,062.22	$396.75	$2,458.97	$396,502.22
Sep, 2025	10	$2,060.16	$398.81	$2,458.97	$396,103.41
Oct, 2025	11	$2,058.09	$400.88	$2,458.97	$395,702.53
Nov, 2025	12	$2,056.00	$402.96	$2,458.97	$395,299.57
Dec, 2025	13	$2,053.91	$405.06	$2,458.97	$394,894.51
Jan, 2026	14	$2,051.81	$407.16	$2,458.97	$394,487.35
Feb, 2026	15	$2,049.69	$409.28	$2,458.97	$394,078.07
Mar, 2026	16	$2,047.56	$411.40	$2,458.97	$393,666.67
Apr, 2026	17	$2,045.43	$413.54	$2,458.97	$393,253.13
May, 2026	18	$2,043.28	$415.69	$2,458.97	$392,837.44
Jun, 2026	19	$2,041.12	$417.85	$2,458.97	$392,419.59
Jul, 2026	20	$2,038.95	$420.02	$2,458.97	$391,999.57
Aug, 2026	21	$2,036.76	$422.20	$2,458.97	$391,577.36
Sep, 2026	22	$2,034.57	$424.40	$2,458.97	$391,152.97
Oct, 2026	23	$2,032.37	$426.60	$2,458.97	$390,726.36
Nov, 2026	24	$2,030.15	$428.82	$2,458.97	$390,297.55
Dec, 2026	25	$2,027.92	$431.05	$2,458.97	$389,866.50
Jan, 2027	26	$2,025.68	$433.29	$2,458.97	$389,433.21
Feb, 2027	27	$2,023.43	$435.54	$2,458.97	$388,997.67
Mar, 2027	28	$2,021.17	$437.80	$2,458.97	$388,559.87
Apr, 2027	29	$2,018.89	$440.08	$2,458.97	$388,119.80
May, 2027	30	$2,016.61	$442.36	$2,458.97	$387,677.44
Jun, 2027	31	$2,014.31	$444.66	$2,458.97	$387,232.78
Jul, 2027	32	$2,012.00	$446.97	$2,458.97	$386,785.80
Aug, 2027	33	$2,009.67	$449.29	$2,458.97	$386,336.51
Sep, 2027	34	$2,007.34	$451.63	$2,458.97	$385,884.88
Oct, 2027	35	$2,004.99	$453.97	$2,458.97	$385,430.91
Nov, 2027	36	$2,002.63	$456.33	$2,458.97	$384,974.58
Dec, 2027	37	$2,000.26	$458.70	$2,458.97	$384,515.87
Jan, 2028	38	$1,997.88	$461.09	$2,458.97	$384,054.78
Feb, 2028	39	$1,995.48	$463.48	$2,458.97	$383,591.30
Mar, 2028	40	$1,993.08	$465.89	$2,458.97	$383,125.41
Apr, 2028	41	$1,990.66	$468.31	$2,458.97	$382,657.10
May, 2028	42	$1,988.22	$470.75	$2,458.97	$382,186.35
Jun, 2028	43	$1,985.78	$473.19	$2,458.97	$381,713.16
Jul, 2028	44	$1,983.32	$475.65	$2,458.97	$381,237.51
Aug, 2028	45	$1,980.85	$478.12	$2,458.97	$380,759.39
Sep, 2028	46	$1,978.36	$480.61	$2,458.97	$380,278.79
Oct, 2028	47	$1,975.87	$483.10	$2,458.97	$379,795.68
Nov, 2028	48	$1,973.36	$485.61	$2,458.97	$379,310.07
Dec, 2028	49	$1,970.83	$488.14	$2,458.97	$378,821.93
Jan, 2029	50	$1,968.30	$490.67	$2,458.97	$378,331.26
Feb, 2029	51	$1,965.75	$493.22	$2,458.97	$377,838.04
Mar, 2029	52	$1,963.18	$495.78	$2,458.97	$377,342.26
Apr, 2029	53	$1,960.61	$498.36	$2,458.97	$376,843.90
May, 2029	54	$1,958.02	$500.95	$2,458.97	$376,342.95
Jun, 2029	55	$1,955.42	$503.55	$2,458.97	$375,839.39
Jul, 2029	56	$1,952.80	$506.17	$2,458.97	$375,333.22
Aug, 2029	57	$1,950.17	$508.80	$2,458.97	$374,824.42
Sep, 2029	58	$1,947.53	$511.44	$2,458.97	$374,312.98
Oct, 2029	59	$1,944.87	$514.10	$2,458.97	$373,798.88
Nov, 2029	60	$1,942.20	$516.77	$2,458.97	$373,282.11
Dec, 2029	61	$1,939.51	$519.46	$2,458.97	$372,762.65
Jan, 2030	62	$1,936.81	$522.16	$2,458.97	$372,240.50
Feb, 2030	63	$1,934.10	$524.87	$2,458.97	$371,715.63
Mar, 2030	64	$1,931.37	$527.60	$2,458.97	$371,188.04
Apr, 2030	65	$1,928.63	$530.34	$2,458.97	$370,657.70
May, 2030	66	$1,925.88	$533.09	$2,458.97	$370,124.61
Jun, 2030	67	$1,923.11	$535.86	$2,458.97	$369,588.75
Jul, 2030	68	$1,920.32	$538.65	$2,458.97	$369,050.10
Aug, 2030	69	$1,917.52	$541.45	$2,458.97	$368,508.65
Sep, 2030	70	$1,914.71	$544.26	$2,458.97	$367,964.40
Oct, 2030	71	$1,911.88	$547.09	$2,458.97	$367,417.31
Nov, 2030	72	$1,909.04	$549.93	$2,458.97	$366,867.38
Dec, 2030	73	$1,906.18	$552.79	$2,458.97	$366,314.59
Jan, 2031	74	$1,903.31	$555.66	$2,458.97	$365,758.94
Feb, 2031	75	$1,900.42	$558.55	$2,458.97	$365,200.39
Mar, 2031	76	$1,897.52	$561.45	$2,458.97	$364,638.94
Apr, 2031	77	$1,894.60	$564.36	$2,458.97	$364,074.58
May, 2031	78	$1,891.67	$567.30	$2,458.97	$363,507.28
Jun, 2031	79	$1,888.72	$570.24	$2,458.97	$362,937.04
Jul, 2031	80	$1,885.76	$573.21	$2,458.97	$362,363.83
Aug, 2031	81	$1,882.78	$576.19	$2,458.97	$361,787.64
Sep, 2031	82	$1,879.79	$579.18	$2,458.97	$361,208.46
Oct, 2031	83	$1,876.78	$582.19	$2,458.97	$360,626.28
Nov, 2031	84	$1,873.75	$585.21	$2,458.97	$360,041.06
Dec, 2031	85	$1,870.71	$588.25	$2,458.97	$359,452.81
Jan, 2032	86	$1,867.66	$591.31	$2,458.97	$358,861.50
Feb, 2032	87	$1,864.58	$594.38	$2,458.97	$358,267.11
Mar, 2032	88	$1,861.50	$597.47	$2,458.97	$357,669.64
Apr, 2032	89	$1,858.39	$600.58	$2,458.97	$357,069.07
May, 2032	90	$1,855.27	$603.70	$2,458.97	$356,465.37
Jun, 2032	91	$1,852.13	$606.83	$2,458.97	$355,858.54
Jul, 2032	92	$1,848.98	$609.99	$2,458.97	$355,248.55
Aug, 2032	93	$1,845.81	$613.16	$2,458.97	$354,635.39
Sep, 2032	94	$1,842.63	$616.34	$2,458.97	$354,019.05
Oct, 2032	95	$1,839.42	$619.54	$2,458.97	$353,399.51
Nov, 2032	96	$1,836.20	$622.76	$2,458.97	$352,776.75
Dec, 2032	97	$1,832.97	$626.00	$2,458.97	$352,150.75
Jan, 2033	98	$1,829.72	$629.25	$2,458.97	$351,521.50
Feb, 2033	99	$1,826.45	$632.52	$2,458.97	$350,888.98
Mar, 2033	100	$1,823.16	$635.81	$2,458.97	$350,253.17
Apr, 2033	101	$1,819.86	$639.11	$2,458.97	$349,614.06
May, 2033	102	$1,816.54	$642.43	$2,458.97	$348,971.63
Jun, 2033	103	$1,813.20	$645.77	$2,458.97	$348,325.86
Jul, 2033	104	$1,809.84	$649.12	$2,458.97	$347,676.73
Aug, 2033	105	$1,806.47	$652.50	$2,458.97	$347,024.23
Sep, 2033	106	$1,803.08	$655.89	$2,458.97	$346,368.35
Oct, 2033	107	$1,799.67	$659.30	$2,458.97	$345,709.05
Nov, 2033	108	$1,796.25	$662.72	$2,458.97	$345,046.33
Dec, 2033	109	$1,792.80	$666.16	$2,458.97	$344,380.16
Jan, 2034	110	$1,789.34	$669.63	$2,458.97	$343,710.54
Feb, 2034	111	$1,785.86	$673.11	$2,458.97	$343,037.43
Mar, 2034	112	$1,782.37	$676.60	$2,458.97	$342,360.83
Apr, 2034	113	$1,778.85	$680.12	$2,458.97	$341,680.71
May, 2034	114	$1,775.32	$683.65	$2,458.97	$340,997.06
Jun, 2034	115	$1,771.76	$687.20	$2,458.97	$340,309.86
Jul, 2034	116	$1,768.19	$690.77	$2,458.97	$339,619.08
Aug, 2034	117	$1,764.60	$694.36	$2,458.97	$338,924.72
Sep, 2034	118	$1,761.00	$697.97	$2,458.97	$338,226.75
Oct, 2034	119	$1,757.37	$701.60	$2,458.97	$337,525.15
Nov, 2034	120	$1,753.72	$705.24	$2,458.97	$336,819.91
Dec, 2034	121	$1,750.06	$708.91	$2,458.97	$336,111.00
Jan, 2035	122	$1,746.38	$712.59	$2,458.97	$335,398.41
Feb, 2035	123	$1,742.67	$716.29	$2,458.97	$334,682.11
Mar, 2035	124	$1,738.95	$720.02	$2,458.97	$333,962.10
Apr, 2035	125	$1,735.21	$723.76	$2,458.97	$333,238.34
May, 2035	126	$1,731.45	$727.52	$2,458.97	$332,510.83
Jun, 2035	127	$1,727.67	$731.30	$2,458.97	$331,779.53
Jul, 2035	128	$1,723.87	$735.10	$2,458.97	$331,044.43
Aug, 2035	129	$1,720.05	$738.92	$2,458.97	$330,305.52
Sep, 2035	130	$1,716.21	$742.76	$2,458.97	$329,562.76
Oct, 2035	131	$1,712.35	$746.61	$2,458.97	$328,816.15
Nov, 2035	132	$1,708.47	$750.49	$2,458.97	$328,065.65
Dec, 2035	133	$1,704.57	$754.39	$2,458.97	$327,311.26
Jan, 2036	134	$1,700.65	$758.31	$2,458.97	$326,552.95
Feb, 2036	135	$1,696.71	$762.25	$2,458.97	$325,790.69
Mar, 2036	136	$1,692.75	$766.21	$2,458.97	$325,024.48
Apr, 2036	137	$1,688.77	$770.19	$2,458.97	$324,254.28
May, 2036	138	$1,684.77	$774.20	$2,458.97	$323,480.09
Jun, 2036	139	$1,680.75	$778.22	$2,458.97	$322,701.87
Jul, 2036	140	$1,676.71	$782.26	$2,458.97	$321,919.60
Aug, 2036	141	$1,672.64	$786.33	$2,458.97	$321,133.28
Sep, 2036	142	$1,668.55	$790.41	$2,458.97	$320,342.86
Oct, 2036	143	$1,664.45	$794.52	$2,458.97	$319,548.35
Nov, 2036	144	$1,660.32	$798.65	$2,458.97	$318,749.70
Dec, 2036	145	$1,656.17	$802.80	$2,458.97	$317,946.90
Jan, 2037	146	$1,652.00	$806.97	$2,458.97	$317,139.93
Feb, 2037	147	$1,647.81	$811.16	$2,458.97	$316,328.77
Mar, 2037	148	$1,643.59	$815.38	$2,458.97	$315,513.39
Apr, 2037	149	$1,639.36	$819.61	$2,458.97	$314,693.78
May, 2037	150	$1,635.10	$823.87	$2,458.97	$313,869.91
Jun, 2037	151	$1,630.82	$828.15	$2,458.97	$313,041.76
Jul, 2037	152	$1,626.51	$832.46	$2,458.97	$312,209.30
Aug, 2037	153	$1,622.19	$836.78	$2,458.97	$311,372.52
Sep, 2037	154	$1,617.84	$841.13	$2,458.97	$310,531.39
Oct, 2037	155	$1,613.47	$845.50	$2,458.97	$309,685.89
Nov, 2037	156	$1,609.08	$849.89	$2,458.97	$308,836.00
Dec, 2037	157	$1,604.66	$854.31	$2,458.97	$307,981.70
Jan, 2038	158	$1,600.22	$858.75	$2,458.97	$307,122.95
Feb, 2038	159	$1,595.76	$863.21	$2,458.97	$306,259.74
Mar, 2038	160	$1,591.27	$867.69	$2,458.97	$305,392.05
Apr, 2038	161	$1,586.77	$872.20	$2,458.97	$304,519.85
May, 2038	162	$1,582.23	$876.73	$2,458.97	$303,643.11
Jun, 2038	163	$1,577.68	$881.29	$2,458.97	$302,761.82
Jul, 2038	164	$1,573.10	$885.87	$2,458.97	$301,875.96
Aug, 2038	165	$1,568.50	$890.47	$2,458.97	$300,985.49
Sep, 2038	166	$1,563.87	$895.10	$2,458.97	$300,090.39
Oct, 2038	167	$1,559.22	$899.75	$2,458.97	$299,190.64
Nov, 2038	168	$1,554.54	$904.42	$2,458.97	$298,286.22
Dec, 2038	169	$1,549.85	$909.12	$2,458.97	$297,377.09
Jan, 2039	170	$1,545.12	$913.85	$2,458.97	$296,463.25
Feb, 2039	171	$1,540.37	$918.59	$2,458.97	$295,544.65
Mar, 2039	172	$1,535.60	$923.37	$2,458.97	$294,621.29
Apr, 2039	173	$1,530.80	$928.16	$2,458.97	$293,693.12
May, 2039	174	$1,525.98	$932.99	$2,458.97	$292,760.14
Jun, 2039	175	$1,521.13	$937.83	$2,458.97	$291,822.30
Jul, 2039	176	$1,516.26	$942.71	$2,458.97	$290,879.59
Aug, 2039	177	$1,511.36	$947.61	$2,458.97	$289,931.99
Sep, 2039	178	$1,506.44	$952.53	$2,458.97	$288,979.46
Oct, 2039	179	$1,501.49	$957.48	$2,458.97	$288,021.98
Nov, 2039	180	$1,496.51	$962.45	$2,458.97	$287,059.52
Dec, 2039	181	$1,491.51	$967.45	$2,458.97	$286,092.07
Jan, 2040	182	$1,486.49	$972.48	$2,458.97	$285,119.59
Feb, 2040	183	$1,481.43	$977.53	$2,458.97	$284,142.06
Mar, 2040	184	$1,476.35	$982.61	$2,458.97	$283,159.44
Apr, 2040	185	$1,471.25	$987.72	$2,458.97	$282,171.72
May, 2040	186	$1,466.12	$992.85	$2,458.97	$281,178.87
Jun, 2040	187	$1,460.96	$998.01	$2,458.97	$280,180.86
Jul, 2040	188	$1,455.77	$1,003.19	$2,458.97	$279,177.67
Aug, 2040	189	$1,450.56	$1,008.41	$2,458.97	$278,169.26
Sep, 2040	190	$1,445.32	$1,013.65	$2,458.97	$277,155.61
Oct, 2040	191	$1,440.05	$1,018.91	$2,458.97	$276,136.70
Nov, 2040	192	$1,434.76	$1,024.21	$2,458.97	$275,112.49
Dec, 2040	193	$1,429.44	$1,029.53	$2,458.97	$274,082.96
Jan, 2041	194	$1,424.09	$1,034.88	$2,458.97	$273,048.09
Feb, 2041	195	$1,418.71	$1,040.26	$2,458.97	$272,007.83
Mar, 2041	196	$1,413.31	$1,045.66	$2,458.97	$270,962.17
Apr, 2041	197	$1,407.87	$1,051.09	$2,458.97	$269,911.08
May, 2041	198	$1,402.41	$1,056.55	$2,458.97	$268,854.52
Jun, 2041	199	$1,396.92	$1,062.04	$2,458.97	$267,792.48
Jul, 2041	200	$1,391.41	$1,067.56	$2,458.97	$266,724.91
Aug, 2041	201	$1,385.86	$1,073.11	$2,458.97	$265,651.80
Sep, 2041	202	$1,380.28	$1,078.69	$2,458.97	$264,573.12
Oct, 2041	203	$1,374.68	$1,084.29	$2,458.97	$263,488.83
Nov, 2041	204	$1,369.04	$1,089.92	$2,458.97	$262,398.91
Dec, 2041	205	$1,363.38	$1,095.59	$2,458.97	$261,303.32
Jan, 2042	206	$1,357.69	$1,101.28	$2,458.97	$260,202.04
Feb, 2042	207	$1,351.97	$1,107.00	$2,458.97	$259,095.04
Mar, 2042	208	$1,346.21	$1,112.75	$2,458.97	$257,982.29
Apr, 2042	209	$1,340.43	$1,118.53	$2,458.97	$256,863.75
May, 2042	210	$1,334.62	$1,124.35	$2,458.97	$255,739.40
Jun, 2042	211	$1,328.78	$1,130.19	$2,458.97	$254,609.22
Jul, 2042	212	$1,322.91	$1,136.06	$2,458.97	$253,473.15
Aug, 2042	213	$1,317.00	$1,141.96	$2,458.97	$252,331.19
Sep, 2042	214	$1,311.07	$1,147.90	$2,458.97	$251,183.29
Oct, 2042	215	$1,305.11	$1,153.86	$2,458.97	$250,029.43
Nov, 2042	216	$1,299.11	$1,159.86	$2,458.97	$248,869.58
Dec, 2042	217	$1,293.08	$1,165.88	$2,458.97	$247,703.69
Jan, 2043	218	$1,287.03	$1,171.94	$2,458.97	$246,531.75
Feb, 2043	219	$1,280.94	$1,178.03	$2,458.97	$245,353.72
Mar, 2043	220	$1,274.82	$1,184.15	$2,458.97	$244,169.57
Apr, 2043	221	$1,268.66	$1,190.30	$2,458.97	$242,979.27
May, 2043	222	$1,262.48	$1,196.49	$2,458.97	$241,782.78
Jun, 2043	223	$1,256.26	$1,202.70	$2,458.97	$240,580.08
Jul, 2043	224	$1,250.01	$1,208.95	$2,458.97	$239,371.12
Aug, 2043	225	$1,243.73	$1,215.24	$2,458.97	$238,155.89
Sep, 2043	226	$1,237.42	$1,221.55	$2,458.97	$236,934.34
Oct, 2043	227	$1,231.07	$1,227.90	$2,458.97	$235,706.44
Nov, 2043	228	$1,224.69	$1,234.28	$2,458.97	$234,472.16
Dec, 2043	229	$1,218.28	$1,240.69	$2,458.97	$233,231.47
Jan, 2044	230	$1,211.83	$1,247.14	$2,458.97	$231,984.34
Feb, 2044	231	$1,205.35	$1,253.62	$2,458.97	$230,730.72
Mar, 2044	232	$1,198.84	$1,260.13	$2,458.97	$229,470.59
Apr, 2044	233	$1,192.29	$1,266.68	$2,458.97	$228,203.92
May, 2044	234	$1,185.71	$1,273.26	$2,458.97	$226,930.66
Jun, 2044	235	$1,179.09	$1,279.87	$2,458.97	$225,650.78
Jul, 2044	236	$1,172.44	$1,286.52	$2,458.97	$224,364.26
Aug, 2044	237	$1,165.76	$1,293.21	$2,458.97	$223,071.05
Sep, 2044	238	$1,159.04	$1,299.93	$2,458.97	$221,771.12
Oct, 2044	239	$1,152.29	$1,306.68	$2,458.97	$220,464.44
Nov, 2044	240	$1,145.50	$1,313.47	$2,458.97	$219,150.97
Dec, 2044	241	$1,138.67	$1,320.30	$2,458.97	$217,830.67
Jan, 2045	242	$1,131.81	$1,327.16	$2,458.97	$216,503.52
Feb, 2045	243	$1,124.92	$1,334.05	$2,458.97	$215,169.47
Mar, 2045	244	$1,117.98	$1,340.98	$2,458.97	$213,828.48
Apr, 2045	245	$1,111.02	$1,347.95	$2,458.97	$212,480.53
May, 2045	246	$1,104.01	$1,354.95	$2,458.97	$211,125.58
Jun, 2045	247	$1,096.97	$1,361.99	$2,458.97	$209,763.58
Jul, 2045	248	$1,089.90	$1,369.07	$2,458.97	$208,394.51
Aug, 2045	249	$1,082.78	$1,376.18	$2,458.97	$207,018.33
Sep, 2045	250	$1,075.63	$1,383.34	$2,458.97	$205,634.99
Oct, 2045	251	$1,068.45	$1,390.52	$2,458.97	$204,244.47
Nov, 2045	252	$1,061.22	$1,397.75	$2,458.97	$202,846.72
Dec, 2045	253	$1,053.96	$1,405.01	$2,458.97	$201,441.71
Jan, 2046	254	$1,046.66	$1,412.31	$2,458.97	$200,029.40
Feb, 2046	255	$1,039.32	$1,419.65	$2,458.97	$198,609.75
Mar, 2046	256	$1,031.94	$1,427.02	$2,458.97	$197,182.73
Apr, 2046	257	$1,024.53	$1,434.44	$2,458.97	$195,748.29
May, 2046	258	$1,017.08	$1,441.89	$2,458.97	$194,306.40
Jun, 2046	259	$1,009.58	$1,449.38	$2,458.97	$192,857.01
Jul, 2046	260	$1,002.05	$1,456.91	$2,458.97	$191,400.10
Aug, 2046	261	$994.48	$1,464.48	$2,458.97	$189,935.61
Sep, 2046	262	$986.87	$1,472.09	$2,458.97	$188,463.52
Oct, 2046	263	$979.23	$1,479.74	$2,458.97	$186,983.78
Nov, 2046	264	$971.54	$1,487.43	$2,458.97	$185,496.34
Dec, 2046	265	$963.81	$1,495.16	$2,458.97	$184,001.19
Jan, 2047	266	$956.04	$1,502.93	$2,458.97	$182,498.26
Feb, 2047	267	$948.23	$1,510.74	$2,458.97	$180,987.52
Mar, 2047	268	$940.38	$1,518.59	$2,458.97	$179,468.93
Apr, 2047	269	$932.49	$1,526.48	$2,458.97	$177,942.46
May, 2047	270	$924.56	$1,534.41	$2,458.97	$176,408.05
Jun, 2047	271	$916.59	$1,542.38	$2,458.97	$174,865.67
Jul, 2047	272	$908.57	$1,550.39	$2,458.97	$173,315.27
Aug, 2047	273	$900.52	$1,558.45	$2,458.97	$171,756.82
Sep, 2047	274	$892.42	$1,566.55	$2,458.97	$170,190.27
Oct, 2047	275	$884.28	$1,574.69	$2,458.97	$168,615.58
Nov, 2047	276	$876.10	$1,582.87	$2,458.97	$167,032.72
Dec, 2047	277	$867.87	$1,591.09	$2,458.97	$165,441.62
Jan, 2048	278	$859.61	$1,599.36	$2,458.97	$163,842.26
Feb, 2048	279	$851.30	$1,607.67	$2,458.97	$162,234.59
Mar, 2048	280	$842.94	$1,616.02	$2,458.97	$160,618.57
Apr, 2048	281	$834.55	$1,624.42	$2,458.97	$158,994.15
May, 2048	282	$826.11	$1,632.86	$2,458.97	$157,361.29
Jun, 2048	283	$817.62	$1,641.34	$2,458.97	$155,719.94
Jul, 2048	284	$809.09	$1,649.87	$2,458.97	$154,070.07
Aug, 2048	285	$800.52	$1,658.45	$2,458.97	$152,411.62
Sep, 2048	286	$791.91	$1,667.06	$2,458.97	$150,744.56
Oct, 2048	287	$783.24	$1,675.72	$2,458.97	$149,068.84
Nov, 2048	288	$774.54	$1,684.43	$2,458.97	$147,384.40
Dec, 2048	289	$765.78	$1,693.18	$2,458.97	$145,691.22
Jan, 2049	290	$756.99	$1,701.98	$2,458.97	$143,989.24
Feb, 2049	291	$748.14	$1,710.82	$2,458.97	$142,278.42
Mar, 2049	292	$739.25	$1,719.71	$2,458.97	$140,558.70
Apr, 2049	293	$730.32	$1,728.65	$2,458.97	$138,830.06
May, 2049	294	$721.34	$1,737.63	$2,458.97	$137,092.43
Jun, 2049	295	$712.31	$1,746.66	$2,458.97	$135,345.77
Jul, 2049	296	$703.23	$1,755.73	$2,458.97	$133,590.03
Aug, 2049	297	$694.11	$1,764.86	$2,458.97	$131,825.18
Sep, 2049	298	$684.94	$1,774.03	$2,458.97	$130,051.15
Oct, 2049	299	$675.72	$1,783.24	$2,458.97	$128,267.91
Nov, 2049	300	$666.46	$1,792.51	$2,458.97	$126,475.40
Dec, 2049	301	$657.15	$1,801.82	$2,458.97	$124,673.58
Jan, 2050	302	$647.78	$1,811.18	$2,458.97	$122,862.39
Feb, 2050	303	$638.37	$1,820.60	$2,458.97	$121,041.80
Mar, 2050	304	$628.91	$1,830.05	$2,458.97	$119,211.74
Apr, 2050	305	$619.40	$1,839.56	$2,458.97	$117,372.18
May, 2050	306	$609.85	$1,849.12	$2,458.97	$115,523.06
Jun, 2050	307	$600.24	$1,858.73	$2,458.97	$113,664.33
Jul, 2050	308	$590.58	$1,868.39	$2,458.97	$111,795.94
Aug, 2050	309	$580.87	$1,878.09	$2,458.97	$109,917.84
Sep, 2050	310	$571.11	$1,887.85	$2,458.97	$108,029.99
Oct, 2050	311	$561.31	$1,897.66	$2,458.97	$106,132.33
Nov, 2050	312	$551.45	$1,907.52	$2,458.97	$104,224.81
Dec, 2050	313	$541.53	$1,917.43	$2,458.97	$102,307.37
Jan, 2051	314	$531.57	$1,927.40	$2,458.97	$100,379.98
Feb, 2051	315	$521.56	$1,937.41	$2,458.97	$98,442.57
Mar, 2051	316	$511.49	$1,947.48	$2,458.97	$96,495.09
Apr, 2051	317	$501.37	$1,957.60	$2,458.97	$94,537.50
May, 2051	318	$491.20	$1,967.77	$2,458.97	$92,569.73
Jun, 2051	319	$480.98	$1,977.99	$2,458.97	$90,591.74
Jul, 2051	320	$470.70	$1,988.27	$2,458.97	$88,603.47
Aug, 2051	321	$460.37	$1,998.60	$2,458.97	$86,604.87
Sep, 2051	322	$449.98	$2,008.98	$2,458.97	$84,595.89
Oct, 2051	323	$439.55	$2,019.42	$2,458.97	$82,576.47
Nov, 2051	324	$429.05	$2,029.91	$2,458.97	$80,546.55
Dec, 2051	325	$418.51	$2,040.46	$2,458.97	$78,506.09
Jan, 2052	326	$407.90	$2,051.06	$2,458.97	$76,455.03
Feb, 2052	327	$397.25	$2,061.72	$2,458.97	$74,393.31
Mar, 2052	328	$386.54	$2,072.43	$2,458.97	$72,320.87
Apr, 2052	329	$375.77	$2,083.20	$2,458.97	$70,237.67
May, 2052	330	$364.94	$2,094.02	$2,458.97	$68,143.65
Jun, 2052	331	$354.06	$2,104.90	$2,458.97	$66,038.74
Jul, 2052	332	$343.13	$2,115.84	$2,458.97	$63,922.90
Aug, 2052	333	$332.13	$2,126.84	$2,458.97	$61,796.07
Sep, 2052	334	$321.08	$2,137.89	$2,458.97	$59,658.18
Oct, 2052	335	$309.97	$2,148.99	$2,458.97	$57,509.19
Nov, 2052	336	$298.81	$2,160.16	$2,458.97	$55,349.03
Dec, 2052	337	$287.58	$2,171.38	$2,458.97	$53,177.65
Jan, 2053	338	$276.30	$2,182.67	$2,458.97	$50,994.98
Feb, 2053	339	$264.96	$2,194.01	$2,458.97	$48,800.97
Mar, 2053	340	$253.56	$2,205.41	$2,458.97	$46,595.57
Apr, 2053	341	$242.10	$2,216.87	$2,458.97	$44,378.70
May, 2053	342	$230.58	$2,228.38	$2,458.97	$42,150.32
Jun, 2053	343	$219.01	$2,239.96	$2,458.97	$39,910.36
Jul, 2053	344	$207.37	$2,251.60	$2,458.97	$37,658.76
Aug, 2053	345	$195.67	$2,263.30	$2,458.97	$35,395.46
Sep, 2053	346	$183.91	$2,275.06	$2,458.97	$33,120.40
Oct, 2053	347	$172.09	$2,286.88	$2,458.97	$30,833.52
Nov, 2053	348	$160.21	$2,298.76	$2,458.97	$28,534.76
Dec, 2053	349	$148.26	$2,310.71	$2,458.97	$26,224.05
Jan, 2054	350	$136.26	$2,322.71	$2,458.97	$23,901.34
Feb, 2054	351	$124.19	$2,334.78	$2,458.97	$21,566.56
Mar, 2054	352	$112.06	$2,346.91	$2,458.97	$19,219.65
Apr, 2054	353	$99.86	$2,359.11	$2,458.97	$16,860.54
May, 2054	354	$87.60	$2,371.36	$2,458.97	$14,489.18
Jun, 2054	355	$75.28	$2,383.68	$2,458.97	$12,105.49
Jul, 2054	356	$62.90	$2,396.07	$2,458.97	$9,709.42
Aug, 2054	357	$50.45	$2,408.52	$2,458.97	$7,300.90
Sep, 2054	358	$37.93	$2,421.03	$2,458.97	$4,879.87
Oct, 2054	359	$25.35	$2,433.61	$2,458.97	$2,446.26
Nov, 2054	360	$12.71	$2,446.26	$2,458.97	$0.00

What is seller financing?

Seller financing or purchase money mortgage is a type of financing where a homebuyer gets a mortgage from the seller instead of a traditional lender and repays the seller in installments.

How does seller financing work?

With seller financing, you enter a purchase money mortgage with the seller instead of a bank. A Purchase money mortgage is more flexible than a traditional mortgage as the terms and conditions are set by the seller, but usually with a higher interest rate. Seller financing is usually done when the homebuyer is not qualified to get a mortgage from a traditional financial institution like banks and credit unions. With seller financing, the seller will provide funding and deal with the mortgage process and the buyer will repay the seller over time. The mortgage terms can be negotiated by both parties, including minimum down payments, credit checks, and so on.

Pros and Cons of Seller Financing

There are advantages and disadvantages of seller financing for both buyers and sellers.

Pros of seller financing for buyers

Home buying opportunities - for homebuyers who do not qualify for a traditional mortgage, seller financing allows them to own a home.
Lower closing costs - there may be less fees and closing costs to buy a house
Flexible terms - terms and conditions are negotiable between the two parties. Buyers may be able to get a better term than a traditional mortgage offer.

Cons of seller financing for buyers

Higher interest rate - seller financing usually has a higher interest rate than a traditional mortgage, and the homebuyer ends up paying more on interest payments.
Foreclosure - buyers may be forced into foreclosure if the seller fails to pay his mortgage.
Fewer regulations - fewer laws and regulations that protect the homebuyer.

Pros of seller financing for sellers

Passive income - sellers can generate passive income throughout the sale of their house
Tax advantage - sellers can save money on capital gains tax over time
Higher price - sellers can sell their house faster or may get a higher price than the market price because buyers cannot get other ways of funding.

Cons of seller financing for sellers

Buyer defaults - sellers are at risk when buyers fail to make payments and default on their loans.
Foreclosure - sellers might face foreclosure if they still have a mortgage on the house when the buyer fails to make payments.

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