Land Contract Interest Calculator
ContentsInstallment purchase contractFull payment. largeProperty outright. Consideration local tax balloon paymentSome states, such as Ohio, set legal maximum interest rates on land contracts. A land contract is an alternative way to buy and sell real estate. In a land contract, the seller provides the financing, as opposed to a bank. The legal title to the property remains with the seller until the contract is paid in full.Land contract interest rate? - BiggerPockets - How much should I charge for interest rate on a land contract? I am selling a property for $55k with $5k down. I am thinking for 8% interest. I do not make mortgage payments but my partner does hold a $25k mortgage that will be paid off when the buyer can get financing.Seller Carryback Financing Explained Cody…