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Seller Carryback Economics Calculator

Seller carrybacks trade cash for yield. This calculator compares.

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$
$
%

Total expected proceeds

$8,892,500

Total interest income

$892,500

Effective yield on note %

8.50%

How the math works

Interest income approximated at note × rate × term × 0.6 (weighted for amortization). Total = cash + note + interest.

Seller carrybacks work best when the seller wants yield and has tax-efficient motivation (installment sale spreads gain). Pure liquidity sellers should avoid carrybacks — the yield above market deposit rates rarely compensates for tied-up capital and default risk compared to a clean cash close.

How to Use

  1. Enter sale price.
  2. Enter cash at close.
  3. Enter seller note amount.
  4. Enter note rate %.
  5. Enter note term years.
  6. Read yield and expected proceeds.

Frequently Asked Questions

Typical terms?

Note 10-40% of sale price. Rate 100-300 bps above conforming. Term 3-10 years typical, some 15-30 amortization with balloon. Secured by 2nd position mortgage (or similar) on asset. Buyer gets better cash financing when seller carries subordinate.

Seller benefits?

Higher effective sale price. Installment-sale tax treatment (spread gain across years). Yield above bank rate. Continued relationship with asset via collateral. Each offsets cash received reduction at closing.

Risks?

Buyer default: foreclose on carryback. Behind senior lien typically. Recovery rate lower than 1st position debt. Price concessions to buyer for carry: 1-5% below cash offer typically. Balance yield vs risk carefully.

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