Seller Finance
Turn price, down payment and rate into a monthly payment and a term you can explain to the seller.
Learn about Seller Finance
Subject-To
Take over the seller's existing loan, with the cash to the seller, the payment and your fee worked out before you make the offer.
What It Is
In a subject-to deal you buy the house subject to the seller's existing mortgage. The loan stays where it is, you take over the monthly payments, and the seller walks away without paying it off first. It fits sellers with little equity, a low-rate loan, or payments they can no longer keep up with, where a cash offer would not work. What you pay the seller is the price minus the loan balance you take over.
How Propulator Handles It
- Paste a link or an addressThe analyzer fills in value, rent, taxes and HOA from market data, and tags anything it had to estimate.
- Say the house has a mortgageThe creative finance tab asks one question. Answer yes and it switches to subject-to terms.
- Enter the existing loanBalance, rate and payment. Cash to the seller, total PITI plus HOA and your assignment fee update as you type, with the estimated rent right beside the payment.
- Send the offerA subject-to offer email to the listing agent is written from your numbers. Copy it, rewrite it or send it.
Subject-to terms
Inputs
Purchase price$168,000
Existing loan balance$121,400
Existing rate3.25%
Existing payment$812
Estimated rent$1,650
Taxes, yearly$3,360
HOA, yearly$0
Insurance, yearly$1,680
Results
Cash to seller$46,600
Total PITI + HOA$1,232/mo
Estimated assignment fee$5,040
Sample numbers for a demo property.
From Numbers to a Deal
Save the analysis as a property or start the deal in one click. The deal keeps the seller, your offer, the activity log and the documents together, and moves across your pipeline as it goes.
When the seller says yes, send the purchase agreement for e-signature on any phone, in the seller's own language.
Related Deal Types
Assignment
Lock up the house, assign the contract to a cash buyer and collect your fee, with the purchase and assignment templates on the deal.
Learn about AssignmentLong-Term Rental
Estimated rent against vacancy, repairs, management and the loan, so you know if it cash flows before you call.
Learn about Long-Term Rental