Free Land Contract Calculator
Analyze contract for deed deals with AI — monthly payments, total interest, balloon amount, and full deal score. Free forever.
Tell Freddie about your land contract deal:
What you get — free
Payment Schedule
Monthly principal and interest breakdown for the full contract term — plus balloon amount at maturity.
Total Interest Cost
See exactly what you pay in interest over the life of the contract vs conventional financing.
Balloon Analysis
Model the refinance needed at balloon — will you qualify? What rate do you need? Freddie runs it.
Cash Flow on Land Contract
If renting the property, Freddie models cash flow based on the land contract payment — not a traditional mortgage.
Deal Score 0–100
Freddie grades the deal including financing terms, cash flow, and balloon refinance risk.
Free Forever
Land contract analysis permanently free. No credit card required.
When a land contract doesn't compete — and a cash wholetail returns $115K
Land contracts work best when a seller can't get conventional offers and needs flexible terms. On this Northern Virginia hoarder house, the estate sellers wanted a clean cash close — no installment sale, no carry-back, no complexity. We closed cash, cleaned it out for $5K, and listed on the MLS. $349K resale, $115,050 profit in 30 days. Freddie scored it 100/100. Land contracts are powerful tools — on the deals where sellers need them. This one didn't.
We sold the property as-is for $349K. The renovation pictured was completed by the buyer who purchased it from us. The $115,050 profit reflects our wholetail exit, not the renovation work.
Freddie scored it 100/100. Know your tools — and know when to use them.
"Land contract lesson: the best financing structure is the one the seller needs. Match your offer to their situation — not your preference for deal structure."
Land Contract Calculator FAQ
What is a land contract?
A land contract (also called contract for deed or installment sale contract) is a seller-financed real estate transaction where the seller acts as the lender. The buyer makes payments directly to the seller and receives equitable title, but the seller retains legal title until the contract is paid off or refinanced.
How do I calculate land contract payments?
Land contract payment = amortized payment on the purchase price at the agreed interest rate and term. Most land contracts have a balloon payment due in 3-10 years. Freddie calculates monthly payments, total interest paid, and balloon amount automatically.
What interest rate is typical for a land contract?
Land contract rates vary by market and seller, but typically run 6-10% — often higher than conventional financing but lower than hard money. The rate is negotiable. Lower rate = better deal for the buyer.
What is a balloon payment on a land contract?
A balloon payment is the remaining principal balance due at the end of the contract term — often 3, 5, or 7 years. The buyer must either pay off the balance (typically by refinancing with a conventional lender) or renegotiate with the seller.
What are the risks of buying on a land contract?
Key risks: seller has an existing mortgage (due-on-sale clause risk), balloon payment you can't refinance, title defects that surface at payoff, and seller defaults on their own mortgage while you're paying them. Always use a title company and real estate attorney.
Is a land contract the same as seller financing?
Land contract is one form of seller financing. Other forms include purchase money mortgage (where buyer gets title at closing and seller holds the mortgage) and lease-option. Each has different legal protections for buyer and seller. Freddie can help you analyze any seller-financed structure.
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