Seller Financing With New Mortgage

[Jhamel Jones]

I am about to acquire a property sub2 with new(he bought it 5 months ago) 144k mortgage at 3.4% va loan. Monthly payments are 1018. I plan to sell for 175k under owner financing at 4.5% or something. What im lost on is if im on a 30year mortgage at 1018 a month and a buyer wants to do a 15 year deal, how would that add up if im only paying the 1018 that the current owner has? Would i put all of the money the contract buyer pays me towards the mortgage every month or what? I feel like all of the pieces are there but i cant put them together right now.....

Also would i actually have the deed placed in their name or leave it under the trust until they are paid in full......? 

Or would i simply have to do a 30 year with the contract buyers so the times coincide?