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Updated 9 months ago,

User Stats

8
Posts
3
Votes
Voltaire G.
Pro Member
  • Rental Property Investor
  • Honolulu, HI
3
Votes |
8
Posts

Need Help Explaining Terms of Seller Financing

Voltaire G.
Pro Member
  • Rental Property Investor
  • Honolulu, HI
Posted

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:

  1. $135K5% down payment20 year term, 30 year amortization, 5% interest
  2. $135K3% down payment15 year term, 30 year amortization, 5% interest
  3. $141.7K0% down payment (rolled over into purchase price)15 year term, 30 year amortization, 5% interest

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