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Updated over 7 years ago,

Brandon Sturgill's profile image
Brandon Sturgill's profile image
Brandon Sturgill
Property Manager
  • Real Estate Broker
  • from Columbus, OH
  • Member since Apr 30, 2013
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Brandon Sturgill's profile image
Brandon Sturgill's profile image
Brandon Sturgill
Property Manager
  • Real Estate Broker
  • from Columbus, OH
  • Member since Apr 30, 2013
Connect
Brandon Sturgill
Property Manager
  • Real Estate Broker
  • Columbus, OH
1,770
Votes |
3,042
Posts
Creative Real Estate Financing

Calculating Monthly Payment on Seller Financed Deal

Brandon Sturgill
Property Manager
  • Real Estate Broker
  • Columbus, OH
Posted

I have an executed contract with a purchase money mortgage. The terms are:

$35,000 Purchase Price

10% Down

8% Interest

30-yr Amortization

48 Month Balloon

The seller needs a minimum monthly of $350. What's the best way to structure this? 

  • Brandon Sturgill
  • 614-379-2017
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Realize Property Management Group
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12 Reviews

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