EXAMPLE NO. 3: This involves the sale of a single family residence for $200,000 to a Buyer who does not qualify for conventional financing but qualifies for a $140,000 non-conforming loan. The Buyer has a down payment of $20,000 and therefore makes the purchase offer subject to the Seller carrying back a Seller Financed second deed of trust for $40,000 at 10% interest, amortized over 10 years at $528.60 per month. Several options available to the Seller are: Option 3A: Sell 40 payments for $15,000 cash now. With the $20,000 down payment, that's $35,000 cash now. In addition, when the note is reassigned to the Seller in 40 months, it will have 80 payments remaining and will have an approximate balance of $30,775. Thus the combination of cash now and future value, total $65,775. Option 3B: Sell for $40,000, payable as $13,334 cash now and an additional $13,333 in 32 months with a final payment of $13,333 in 64 months. With the down payment of $20,000, that's $33,334 cash now, plus $26,666 within 64 months, for a total of $60,000 for the equity. Option 3C: Sell the entire note for $20,000 cash now. With the $20,000 down payment, that's $40,000 cash now. EXAMPLE NO. 1 EXAMPLE NO. 2 EXAMPLE NO. 3 EXAMPLE NO. 4 Back Copyright ©1998-2007 Cash Now Financial Corp., All Rights Reserved. Website by Sundog Media & Alaska Internet Services