For Southern Arizona home sellers
Seller Financing Calculator
Enter the proposed terms to see the down payment you collect at closing, the monthly payment and interest, the balloon payoff, and the total the buyer pays you. Download a PDF copy, then talk it through with the Big Rock Realty Group before you agree to terms.
See what a cash buyer would pay for your property, with no note to carry.
Where your money comes from
Cash collected over time
Running total of what you have received, from the down payment at closing through the balloon payoff. The dashed line marks the sales price.
Year by year
Run your real numbers
Thinking about carrying the note?
The Big Rock Realty Group can walk you through the offer, the buyer's strength, and the questions to take to your attorney and CPA.
Seller financing basics
What is seller financing?
Instead of the buyer getting a bank loan, you act as the lender. The buyer pays you a down payment at closing, then makes monthly payments to you under a promissory note secured by a deed of trust on the home.
What is a balloon payment?
Most seller-financed notes are not held for 30 years. The payment is calculated as if it were, then the remaining balance comes due in one payment after a shorter period, often 3 to 10 years. Buyers usually refinance with a bank to pay it.
Why would a seller offer financing?
It can widen the pool of buyers, support a stronger price, and turn part of your equity into monthly interest income. It also carries risk if the buyer stops paying, which is why the terms and the buyer matter so much.