Start with your cash needs at closing
Enter a possible purchase price and the amount of cash the buyer would pay at closing. Their difference is the balance financed by the seller in this simplified model. Existing loan payoff, closing costs, and taxes are not included, so the down payment is not necessarily your net proceeds.
If part of the transaction uses bank debt or additional notes, evaluate those separately. This calculator models one fixed-rate seller note; it does not underwrite the buyer or determine lien priority.
Amortization and maturity answer different questions
Amortization determines the payment needed to repay principal over a selected period. Maturity determines when the note must be paid in full. A 30-year amortization with a five-year maturity produces monthly payments sized for 30 years but requires the remaining balance after five years to be paid then.
Interest-only payments pay interest while leaving principal unchanged. At maturity, the original financed principal is still due. A smaller monthly payment therefore can leave a larger final-payment risk.
How the calculation works
The monthly rate equals the annual rate divided by 12. For amortizing payments with interest, payment = principal × monthly rate ÷ [1 − (1 + monthly rate) raised to the negative number of amortization months]. At 0% interest, payment = principal ÷ amortization months.
For each month, interest equals the opening balance multiplied by the monthly rate. The rest of the payment reduces principal. The balloon is the balance after the scheduled payments through maturity. Figures are calculated without rounding each monthly balance and displayed as rounded dollars.
The model assumes payments arrive on time at the end of each month, with no fees, rate changes, prepayments, late charges, or payment holidays. Actual documents and payment conventions can produce different totals.
A larger total does not make a financed offer safer
The total cash shown includes the down payment, scheduled payments, and final balance, assuming they are all paid. It is not a present-value comparison with a cash offer. Money received later has a different economic value, and collecting it depends on buyer performance.
Compare the buyer's equity, operating experience, financial capacity, collateral, other debt, insurance, and reporting commitments. Discuss the proposed structure and default remedies with your own transaction advisers before agreeing to a note.
Use the results to ask better questions
- How much cash remains after paying existing loans and transaction costs?
- Does the buyer have credible resources to fund the down payment?
- What happens if operating cash flow is lower than expected?
- What is the plan for paying the balance at maturity?
- What collateral and priority would secure repayment?
- Can your retirement plan tolerate delayed or missed payments?
You do not need to decide how to sell before asking what your options look like.
Share the basics of your park and your preferred timing. We will tell you whether it fits our acquisition focus and what information would be needed for a preliminary review.
Text Jordan at (516) 660-2268Frequently asked questions
Can I calculate a 0% seller note?
Yes. Enter 0 for the annual interest rate. An amortizing note will divide principal evenly over the chosen amortization period. Interest-only payments at 0% are zero, and principal remains due at maturity.
Does the balloon include the last regular monthly payment?
No. The calculator shows the remaining balance after all scheduled monthly payments through maturity. The final balance is due in addition to those regular payments.
Are taxes and closing costs included?
No. Cash at closing is the buyer's down payment in this simplified example, before existing loan payoff, closing costs, taxes, and other adjustments.
Does this calculator tell me a safe interest rate or down payment?
No. It shows payment mathematics using the terms you enter. It does not evaluate the borrower, commercial market terms, legal requirements, collateral, or tax treatment.
Are my figures sent to RV Park Exit?
No. Calculations stay in your browser. If you select a text or email contact button, a draft containing your example terms opens for you to review and send.