Owner Finance Dodd-Frank Interest Requirements?

[Account Closed]

Hello all,

I need advice concerning my owner finance plan.

The Plan:

I want to offer $180k owner carry for 5 years, $1000 monthly payments towards the principal, with $10k down, and a balloon payment at lease maturity. Federal requires an interest rate but not sure how much to package the deal. I need a real estate lawyer to draft the contract.

The Questions:

Am I meeting Dodd-Frank requirements? How should I approach the selling agent?

Any and all advice is much appreciated. Thank you for your time.