ResidentialSeller carry

1847 Juniper Loop

Boise, ID

Owned free and clear. Seller will carry with 30-year amortization and a 7-year balloon.

Proposed term sheet
Purchase price$412,000
Down / option fee$32,000 (7.8%)
Monthly payment$2,680 / mo
Term7-yr balloon
Annual Percentage Rate6.4% APR · 30-yr am
What this deal means for you
Cash you need to startThat's 7.8% of the price. A conventional lender would typically want around $82,400.
$32,000
Your monthly paymentAs proposed by the seller. Confirm what taxes and insurance are included.
$2,680/mo
Balloon payment in year 7Payments are spread over 30 years, but the whole remaining balance comes due in year 7. Plan to refinance or sell before then.
$343,005
Sellers are often flexible on the down payment — see what a different amount does:
$32,000down
$2,680per month

Credit advertising: terms are supplied by the posting party. Where payment terms are advertised for seller-extended consumer credit, the Annual Percentage Rate shown is as provided by the poster (Truth in Lending Act / Reg Z). Seller financing of a dwelling is subject to Dodd-Frank / Reg Z seller-financer limits, including balloon and rate restrictions, and may require a licensed mortgage loan originator.

Equal Housing Opportunity. All terms are non-binding proposals until definitive agreements are signed; verify everything with a licensed attorney and use third-party escrow/servicing where required.

Posted by Dana Whitfield (AGENT · Bitterroot Realty · ID lic. #SP-38211)