Contract for Deed Calculator: Calculate Payment and/or Balloon

Contract for Deed Calculator Sign

This Contract for Deed Calculator (also known as a Land Contract Amortization Calculator) will calculate the monthly payment from a balloon (including the interest-only amount), or calculate the balloon from a monthly payment amount.

Plus, the calculator will also generate a printer-friendly amortization schedule.

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Contract for Deed Calculator

Calculate a contract for deed payment and/or balloon, and create an amortization schedule.

Special Instructions

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Selected Data Record:

A Data Record is a set of calculator entries that are stored in your web browser's Local Storage. If a Data Record is currently selected in the "Data" tab, this line will list the name you gave to that data record. If no data record is selected, or you have no entries stored for this calculator, the line will display "None".

DataData recordData recordSelected data record: None
Price:Purchase price:Purchase/selling pricePurchase or selling price:

Purchase price:

If you are the buyer, enter the dollar amount of the contract purchase price. If you are the seller, enter the dollar amount of the contract selling price. In either case, leave out the dollar sign and any commas.

Down pmt:Down payment:Cash down paymentCash down payment:

Cash down payment:

If applicable, enter cash down payment (otherwise leave blank), but without the dollar sign and any commas.

Rate:Interest rate:Annual interest rate:Annual interest rate:

Annual interest rate:

Enter the annual percentage rate (APR) of the contract for deed. Enter as a percentage without the percent sign (for 6%, enter 6).

# of years:Number of years:Payment term in years:Repayment term in number of years:

Repayment term in number of years:

Enter the number of years the buyer will make the monthly payments.


Payment or Balloon:

Select either Payment or Balloon and enter the corresponding amount, but without the dollar sign and any commas. If you select and enter a payment, the calculator will calculate any balloon due at the end of the number of repayment years. Otherwise, if you select and enter a balloon, the calculator will attempt to calculate the approximate payment amount that would result in the desired balloon due at the end of the repayment years.

Month & year to start payments:

Month and year to start payments:

Select the month and year of the first payment. The calculator will use the month and year to create a contract for deed amortization schedule.

Payment:Monthly payment:Monthly payment:Monthly principal and interest payment:

Monthly principal and interest payment:

Based on your entries, this how much the monthly contract for deed payment will be. This does not include property tax or insurance payments.

Balloon:Balloon due:Balloon due at end of repayment years:Balloon due at end of repayment years:

Balloon due at end of repayment years:

Based on your entries, this is the amount that the buyer will still owe after the number of repayment years.

Int only:Interest only:Interest only payment:Interest only payment:

Interest only payment:

Based on your entries, this is the size of the monthly payment required just to keep the interest current on the contract for deed principal amount. In other words, the payment would need to exceed this amount in order to reduce the principal amount owed.

If you would like to save the current entries to the secure online database, tap or click on the Data tab, select "New Data Record", give the data record a name, then tap or click the Save button. To save changes to previously saved entries, simply tap the Save button. Please select and "Clear" any data records you no longer need.

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balloon loan payment calculator

Help and Tools

Adjust Calculator Width:

Move the slider to left and right to adjust the calculator width. Note that the Help and Tools panel will be hidden when the calculator is too wide to fit both on the screen. Moving the slider to the left will bring the instructions and tools panel back into view.

Also note that some calculators will reformat to accommodate the screen size as you make the calculator wider or narrower. If the calculator is narrow, columns of entry rows will be converted to a vertical entry form, whereas a wider calculator will display columns of entry rows, and the entry fields will be smaller in size ... since they will not need to be "thumb friendly".

Show/Hide Popup Keypads:

Select Show or Hide to show or hide the popup keypad icons located next to numeric entry fields. These are generally only needed for mobile devices that don't have decimal points in their numeric keypads. So if you are on a desktop, you may find the calculator to be more user-friendly and less cluttered without them.

Stick/Unstick Tools:

Select Stick or Unstick to stick or unstick the help and tools panel. Selecting "Stick" will keep the panel in view while scrolling the calculator vertically. If you find that annoying, select "Unstick" to keep the panel in a stationary position.

If the tools panel becomes "Unstuck" on its own, try clicking "Unstick" and then "Stick" to re-stick the panel.