The seller acts as your bank. Calculate the monthly payment, balloon balance, and compare terms side by side.
📍 Property Address (optional)
✓ Saved
InputsYour Numbers
Property & Terms
Sale Price?
$
Down Payment ($)?
$
Seller Finance Rate %?
%
Loan Term (years)?
Balloon (years, optional)?
Pro Forma (Alternative Terms)
Alternative Rate %?
%
Alternative Balloon (yrs)?
As-Is AnalysisCurrent
Enter values to see results
Monthly Payment
--
P&I to seller
Balloon Balance
--
due at balloon date
Total Interest
--
over full term
Seller Net / mo
--
vs bank pmt
Loan Summary
Sale Price--
Down Payment--
Seller Note (Principal)--
Interest Rate--
Balloon Date--
Monthly Payment--
Amortization Milestones
Balance at Year 1--
Balance at Year 3--
Balance at Balloon--
Total Interest Paid--
Pro FormaAfter Plan
Enter pro forma values
Alt. Monthly Pmt
--
at lower rate
Monthly Savings
--
vs current terms
Alt. Balloon Bal
--
at alt balloon date
Total Int Savings
--
lower rate saves
Alternative Terms Comparison
Original Rate--
Alternative Rate--
Original Payment--
Alternative Payment--
Monthly Savings--
📄 Email My Free Report
Full analysis sent to your inbox instantly.
1
Enter Sale Price & Down
The down payment reduces the principal the seller is financing. Larger down = lower monthly payment to seller.
2
Set Seller Finance Rate
The rate the seller charges -- typically 1-3% above market. The seller benefits from interest income; you benefit from no bank qualifying.
3
Set the Balloon
Most seller finance deals have a balloon in 3-10 years. At that point you'd refinance with a bank. The calculator shows the balance due.
4
Try Alternative Terms
The pro forma column lets you negotiate -- try a lower rate or longer balloon to see the impact on your monthly payment.
5
Review Amortization
The milestones show your balance at years 1, 3, and the balloon date. This tells you how much equity you'll have when you need to refinance.
6
Check Total Interest
Over the life of the note, see total interest paid to the seller. Compare to what you'd pay to a bank to see the real cost difference.
Seller financing (also called owner financing or a seller carry-back) is when the seller acts as your lender. You pay them monthly instead of a bank. The benefits: no bank qualifying, flexible down payments, faster closing, and potentially better terms than a bank would offer.
Most seller finance deals use a balloon payment -- the loan amortizes over 30 years but the full remaining balance is due in 3-10 years. At that point, you refinance with a bank (ideally at a higher appraised value after improving the property).