Subject-To
Take over the seller's existing loan, with the cash to the seller, the payment and your fee worked out first.
Learn about Subject-To
Seller Finance
Let the seller carry the loan, with the down payment, the monthly payment and the term worked out before you make the offer.
What It Is
In a seller finance deal the seller acts as the bank. You pay part of the price up front and the seller carries the rest as a loan, which you pay back monthly at an agreed rate. It fits free-and-clear owners who want steady income, a higher price or to spread out their taxes, and buyers who want terms instead of a bank loan. The payment you offer decides how long the loan takes to pay off.
How Propulator Handles It
- Paste a link or an addressThe analyzer fills in value, rent, taxes and HOA from market data, and tags anything it had to estimate.
- Say the house has no mortgageThe creative finance tab asks one question. Answer no and it switches to seller finance terms.
- Set the termsPrice, the share the seller carries, the rate and your monthly payment. The amount financed, the down payment, the term length, total PITI plus HOA and your assignment fee update as you type.
- Send the offerA seller finance offer email to the listing agent is written from your numbers. Copy it, rewrite it or send it. Terms that can't work, like a payment below the interest, get flagged first.
Seller finance terms
Inputs
Purchase price$168,000
Seller finance, % of price93%
Interest rate0%
Monthly payment$651
Taxes, yearly$3,360
Insurance, yearly$1,680
Results
Seller finance amount$156,240
Down payment$11,760
Term length20 years
Total PITI + HOA$1,071/mo
Estimated assignment fee$5,040
Sample numbers for a demo property.
From Numbers to a Deal
Save the analysis as a property or start the deal in one click. The deal keeps the seller, your offer, the activity log and the documents together, and moves across your pipeline as it goes.
When the seller says yes, send the purchase agreement for e-signature on any phone, in the seller's own language.
Related Deal Types
Assignment
Lock up the house, assign the contract to a cash buyer and collect your fee, with the purchase and assignment templates on the deal.
Learn about AssignmentSection 8
Rent from HUD fair market rents for the county, with cash flow after the mortgage, taxes, insurance and HOA.
Learn about Section 8