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Updated 9 months ago,
Need Help Explaining Terms of Seller Financing
Hi all, I need some assistance explaining what these seller financing terms mean and their breakdowns? Thanks in advance.
Buyer 1 is offering:
$130K Purchase Price10% down payment10 year term, 30 year amortization, and 5% interest
Buyer 2 is offering the following options:
- $135K5% down payment20 year term, 30 year amortization, 5% interest
- $135K3% down payment15 year term, 30 year amortization, 5% interest
- $141.7K0% down payment (rolled over into purchase price)15 year term, 30 year amortization, 5% interest