Seller Financing

Land Contract

Model a seller-financed land contract with a balloon payment — monthly payment, interest paid, and the balloon balance due at term.

Contract Terms

Purchase Price

Down Payment10%

Interest Rate7.500%

Amortization Term30 yrs

Balloon In5 yrs

Monthly Payment

$1,573balloon in 5 yrs

Balloon Balance$12,111

Principal Financed$225,000

Down Payment$25,000

Interest to year 5$82,283

Estimate only. Actual rate, payment, and qualification depend on your full application. Contact Joseph Le, NMLS 529658, for a personalized quote.

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