Loading calculators...
Fetching calculator categories and tools for this section.
Preparing tools and content for you. This usually takes a second.
Fetching calculator categories and tools for this section.
Quick answer — land contract payment & balloon
$185,000 contract, 10% down → $166,500 financed at 7.25%. Payment amortized over 30 years ≈ $1,136/mo P&I. 7-year contract → balloon est. $152,341 (refinance or payoff). A 5-year contract on the same deal → balloon ≈ $157,141.
Free land contract calculator and contract for deed amortization tool—monthly seller-financing payments, schedule preview, and balloon estimate. More on our Finance & Housing hub.
Last updated October 9, 2026
Illustrative payment math only—not legal advice. State land-contract laws differ on title, recording, and default remedies.
Traditional balloon mortgage?Balloon mortgage calculator
Used to calculate the monthly payment
Balloon if shorter than amortization
Monthly payment (P&I)
$1,136
Amount financed
$166,500
Balloon (est.)
$152,341
Through contract end
Interest paid ~$81,250 · Principal paid ~$14,159
Payment is amortized over 30 years, but the contract ends in 7 year(s)—remaining balance is modeled as a balloon (refinance or payoff).
| Mo | Principal | Interest | Balance |
|---|---|---|---|
| 1 | $130 | $1,006 | $166,370 |
| 2 | $131 | $1,005 | $166,239 |
| 3 | $131 | $1,004 | $166,108 |
| 4 | $132 | $1,004 | $165,976 |
| 5 | $133 | $1,003 | $165,843 |
| 6 | $134 | $1,002 | $165,709 |
| 7 | $135 | $1,001 | $165,574 |
| 8 | $135 | $1,000 | $165,439 |
| 9 | $136 | $1,000 | $165,302 |
| 10 | $137 | $999 | $165,165 |
| 11 | $138 | $998 | $165,027 |
| 12 | $139 | $997 | $164,889 |
First 12 months of schedule (illustrative).
Land contract / contract for deed
Same formulas as the calculator—compare contract length, amortization term, and property price.
| Scenario | Price | Rate | Amort / contract | Payment | Balloon |
|---|---|---|---|---|---|
| Default — $185k, 10% down, 7.25%, 30-yr amort, 7-yr contract | $185,000 (10% down) | 7.25% | 30y / 7y | $1,136/mo | $152,341 |
| Shorter balloon — same deal, 5-yr contract | $185,000 (10% down) | 7.25% | 30y / 5y | $1,136/mo | $157,141 |
| Faster amortization — 15-yr payment, 7-yr contract | $185,000 (10% down) | 7.25% | 15y / 7y | $1,520/mo | $110,471 |
| Vacant land — $75k, 20% down, 8%, 20-yr amort, 5-yr contract | $75,000 (20% down) | 8% | 20y / 5y | $502/mo | $52,515 |
| No balloon — 30-yr contract matches 30-yr amort | $185,000 (10% down) | 7.25% | 30y / 30y | $1,136/mo | — |
Monthly P&I
$1,136
Balloon (7 yr)
$152,341
Interest to contract end
$81,250
We compute the amount financed from contract price and down payment, then calculate a level monthly P&I payment as if the loan amortized over your selected amortization term. Each month, interest is charged on the remaining balance and the rest reduces principal. If the contract length is shorter, the remaining balance at that date is your illustrative balloon—the amount many buyers refinance or pay off to complete the purchase.
1. Amount financed
Loan = contract price − down payment ($ or %)
2. Monthly P&I
Standard fixed-rate payment over amortization term (e.g. 30 years)
3. Amortization schedule
Each month: interest on balance, remainder to principal
4. Balloon at contract end
If contract years < amortization years → remaining balance ≈ balloon payoff
Month 1 of the default schedule: about $1,006 interest and $130 principal from a $1,136 payment.
After 7 years you would still owe roughly $152,341 before deed transfer or refinance steps defined in your contract.
Verify deed transfer timing, default remedies, and recording requirements with a local real estate attorney.
Share it with buyers and sellers exploring seller financing.
Suggested hashtags: #LandContract #SellerFinancing #RealEstate #Mortgage #Calculator