![]() ![]() This is the additional income you make by holding the loan yourself and charging interest through owner financing. Total Interest Income : This is the estimated total income you would receive from the buyer paying you interest on the seller financing loan. Seller Financed Loan Amount : This is the principal which is the amount you lend to the buyer and they will need to pay back (sale price minus the buyer's down payment) – note it does not include interest. Total Monthly Income : This is the estimated total monthly income you would receive from both the buyer’s principal and interest payments. ![]() This is the additional income you make by holding the loan yourself and charging interest through seller financing. Starting Interest Income : This is the estimated monthly income you would receive from the buyer paying you interest on the seller financing loan. Starting Principal Income : This is the estimated monthly income you would receive from the buyer paying you back the principal portion of the seller finance loan. Here are the key components of the seller financing calculator: Use the Email a Copy field to send yourself a copy of your owner finance calculator – that way you have a copy you can easily refer to and update as needed.Ĭomponents in the Seller Financing Calculator Use the Share Link field to share a copy of your seller financed calculator with others – that way you can share this tool easily with fellow investors, friends, and colleagues. ![]() This is the length of the loan and determines how quickly you would like to be paid back. Under Seller Financed Loan Term enter the ideal length of the owner financing loan term in years. The interest rates are expressed as an annual percentage. This is also commonly referred to as the owner financing interest rate which is the interest you would charge the buyer. Under Seller Financed Interest Rate enter the ideal interest rate you would like to charge for your seller financing home loan. The buyer's down payment is the cash a buyer would pay you upfront for your property during a seller financed mortgage. Under Buyer Down Payment enter the ideal amount you would like to receive upfront when selling your home with seller financing (if any). This calculation does not take into account any fees, charges or government taxes which may apply to either the calculation of the loan amount or the monthly repayments, such as GST or Luxury Car Tax (where applicable).Under Seller Financed Property Price enter the current property value or the price you would sell your property at. Any loan request is subject to assessment against normal lending criteria. All Interest rates are displayed ‘are guides ONLY’, repayments as a result of this simulation have no legal offering.Credit One accepts no responsibility for any losses arising from any use of or reliance upon any calculations or conclusions reached using the calculator.Information provided on this calculator does not constitute an offer of finance. The figures and formulae used within this calculator may change at any time without notice.Should you apply for any Credit One product, we will make our own calculations and we will not necessarily take your calculations into account. This simulation and the resulting calculations do not constitute a loan application or offer. It is not an offer and has no legal effect on any contracts entered into by you ‘ the client’. To talk with one of our friendly specialists. This calculation does not take into account any fees, charges or government taxes which may apply to either the calculation of the loan amount or the monthly repayments, such as GST or Luxury Car Tax (where applicable). ![]() The information which you calculate from this Calculator is intended for use by you as a guide only. ![]()
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