Seller Financing Calculator
Calculate owner-financed monthly payments, view a full amortization schedule, and model a balloon payment — all in one place.
Loan Details
The full term used to calculate the monthly payment.
Set to 0 (or equal to the amortization term) for no balloon — the loan pays off in full.
Monthly Payment
Loan Amount
Balloon Due at 5 Yrs
Interest to Balloon
Total Paid by Balloon
Amortization Schedule
| Payment # | Interest | Principal | Balance |
|---|---|---|---|
| 1 | $2,400.00 | $241.55 | $359,758.45 |
| 2 | $2,398.39 | $243.16 | $359,515.28 |
| 3 | $2,396.77 | $244.78 | $359,270.50 |
| 4 | $2,395.14 | $246.42 | $359,024.09 |
| 5 | $2,393.49 | $248.06 | $358,776.03 |
| 6 | $2,391.84 | $249.71 | $358,526.31 |
| 7 | $2,390.18 | $251.38 | $358,274.94 |
| 8 | $2,388.50 | $253.05 | $358,021.88 |
| 9 | $2,386.81 | $254.74 | $357,767.14 |
| 10 | $2,385.11 | $256.44 | $357,510.71 |
| 11 | $2,383.40 | $258.15 | $357,252.56 |
| 12 | $2,381.68 | $259.87 | $356,992.69 |
| 13 | $2,379.95 | $261.60 | $356,731.09 |
| 14 | $2,378.21 | $263.35 | $356,467.74 |
| 15 | $2,376.45 | $265.10 | $356,202.64 |
| 16 | $2,374.68 | $266.87 | $355,935.77 |
| 17 | $2,372.91 | $268.65 | $355,667.13 |
| 18 | $2,371.11 | $270.44 | $355,396.69 |
| 19 | $2,369.31 | $272.24 | $355,124.45 |
| 20 | $2,367.50 | $274.06 | $354,850.39 |
| 21 | $2,365.67 | $275.88 | $354,574.51 |
| 22 | $2,363.83 | $277.72 | $354,296.79 |
| 23 | $2,361.98 | $279.57 | $354,017.21 |
| 24 | $2,360.11 | $281.44 | $353,735.77 |
| 25 | $2,358.24 | $283.31 | $353,452.46 |
| 26 | $2,356.35 | $285.20 | $353,167.26 |
| 27 | $2,354.45 | $287.10 | $352,880.15 |
| 28 | $2,352.53 | $289.02 | $352,591.14 |
| 29 | $2,350.61 | $290.94 | $352,300.19 |
| 30 | $2,348.67 | $292.88 | $352,007.31 |
| 31 | $2,346.72 | $294.84 | $351,712.47 |
| 32 | $2,344.75 | $296.80 | $351,415.67 |
| 33 | $2,342.77 | $298.78 | $351,116.88 |
| 34 | $2,340.78 | $300.77 | $350,816.11 |
| 35 | $2,338.77 | $302.78 | $350,513.33 |
| 36 | $2,336.76 | $304.80 | $350,208.54 |
| 37 | $2,334.72 | $306.83 | $349,901.71 |
| 38 | $2,332.68 | $308.87 | $349,592.83 |
| 39 | $2,330.62 | $310.93 | $349,281.90 |
| 40 | $2,328.55 | $313.01 | $348,968.89 |
| 41 | $2,326.46 | $315.09 | $348,653.80 |
| 42 | $2,324.36 | $317.19 | $348,336.61 |
| 43 | $2,322.24 | $319.31 | $348,017.30 |
| 44 | $2,320.12 | $321.44 | $347,695.86 |
| 45 | $2,317.97 | $323.58 | $347,372.28 |
| 46 | $2,315.82 | $325.74 | $347,046.54 |
| 47 | $2,313.64 | $327.91 | $346,718.63 |
| 48 | $2,311.46 | $330.09 | $346,388.54 |
| 49 | $2,309.26 | $332.30 | $346,056.24 |
| 50 | $2,307.04 | $334.51 | $345,721.73 |
| 51 | $2,304.81 | $336.74 | $345,384.99 |
| 52 | $2,302.57 | $338.99 | $345,046.01 |
| 53 | $2,300.31 | $341.25 | $344,704.76 |
| 54 | $2,298.03 | $343.52 | $344,361.24 |
| 55 | $2,295.74 | $345.81 | $344,015.43 |
| 56 | $2,293.44 | $348.12 | $343,667.31 |
| 57 | $2,291.12 | $350.44 | $343,316.88 |
| 58 | $2,288.78 | $352.77 | $342,964.10 |
| 59 | $2,286.43 | $355.13 | $342,608.98 |
| 60 | $2,284.06 | $357.49 | $342,251.48 |
| Balloon Payment (Month 60) | $342,251.48 | ||
How Seller Financing Works
Seller financing (also called owner financing) is an alternative to a traditional bank mortgage. Instead of a lender funding the purchase, the seller extends credit directly to the buyer. The buyer makes monthly payments to the seller under a promissory note, and the seller keeps the legal title (or a mortgage lien) until the loan is paid off. This skips much of the bank underwriting process, which can mean faster closings, lower closing costs, and more flexible qualification terms.
A balloon payment is a large lump-sum due at a specific point in the loan — for example, after 5 years. Many seller-financed deals amortize the monthly payment over a long term (like 30 years) to keep payments affordable, but require the remaining balance to be paid off early via a balloon. This lets the seller recover their capital sooner while giving the buyer time to refinance into a conventional mortgage or sell the property.
Seller financing makes sense when a buyer can't yet qualify for traditional financing, when a property is hard to finance through a bank, or when a seller wants steady interest income and a faster sale. It's commonly used by buyers building credit, self-employed buyers, and sellers of properties that don't meet strict lender guidelines.
Talk to Us About Seller Financing
Whether you're buying or selling, we'll help you structure a deal that works — and connect you with a professional who knows owner financing inside and out.
Talk to Us About Seller Financing