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.
Calculator Preferences (Click to change width of calculator)Calculate a contract for deed payment and/or balloon, and create an amortization schedule.
Special InstructionsA 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".
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How to use the Contract for Deed Calculator
IMPORTANT: Numeric entry fields must not contain dollar signs, percent signs, commas, spaces, etc. (only digits 0-9 and decimal points are allowed).
Click the Terms tab above for a more detailed description of each entry.
Enter the property purchase price (buyer) or selling price (seller).
Enter any cash downpayment amount. If none, leave blank.
Enter the annual interest rate.
Enter the contract's repayment term in the number of years.
Select Payment or Balloon and enter the corresponding amount. If payment is selected a balloon payment will be calculated. Otherwise, if balloon is selected, a monthly payment will be calculated.
Select the month and the year of the first payment.
Click the Calculate Contract for Deed button and scroll down to view the results, including the amortization schedule.
Fields, Terms, and Definitions.
Reset button:Clicking the "Reset" button will restore the calculator to its default settings.
ShowClick the ? tab for Help & Tools instructions.
Add or remove this page to/from my favorites.
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".
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.
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.
