Seller Money Playground
What can the seller's money do for you?
Enter your price, down payment and seller credit. Compare a lower starting payment with less cash at closing.
Colin D. McDowell
1
Put in your deal
Just the numbers you already know.
Change the example interest rate
2
Pick what you want
Tap either one. Switch whenever you want.
3
Watch your payment change
The first two years are highlighted below.
Year 1
$1,192
per month
$276 less
→
Year 2
$1,328
per month
$141 less
→
Year 3+
$1,468
per month
Normal payment
Seller money needed
$5,004
Seller is giving
$5,000
You're basically there.
Plain English
The seller's money covers part of your mortgage payment during Years 1 and 2. Then in Year 3, you make the normal payment.
Seller credit
$5,000
may go toward eligible closing costs
Your payment
$1,468
starts here from month 1
Main benefit
Keep more cash
for eligible costs at closing
Plain English
You keep the regular mortgage payment, but the seller helps pay some of the costs you'd otherwise pay yourself at closing.