Owner financing breakdown on a $600,000 property with three down payment options: 10% ($60,000), 15% ($90,000), or 20% ($120,000). Shows monthly payments and balloon amounts due after 2 years, based on a 20-year amortization schedule.
The terms that I want is a $60,000 down, which is 10% of the asking price, which is $600,000. I want to show them a 10%, 20%, 15% down opportunity for owner financing. I want the term to be for 2 years with a 20-year amortization and balloon payment after 2 years with an extension to go to 3 years. And I want to see what their monthly payment would be. On all 3 cycles and what their total payoff amount will be after the term.
