Seeking advice on Seller finance terms

[Victoria E.]

Hello, I am seeking advice as I am  new to seller financing.  I want to understand how to structure the finance terms.

if for example the house is on the market  for $200K

1. how much do i ask for down payment

2 going interest rate? should it be interest only

3. what fees should i charge

4. if i am using a loan servicing company how do i factor in the fees?

5. are there closing costs i need to have in mind

6. anything else I should add to the terms

I welcome the community's wisdom and insights.