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Stop overpaying. See exactly how much you save with seller carryback financing.
A $2M insurance agency financed through a bank at 8% interest costs you $3.74M total over 20 years.
That's $1.74M in interest — nearly the entire purchase price again. There's a better way.
Down Payment
$400,000
Loan Amount
$1,600,000
Interest Rate
3.5%
Monthly Payment
$9,279
Total Interest Paid
$627,045
Total Amount Paid
$2,227,045
TOTAL COST (including down payment)
$2,627,045
Down Payment
$400,000
Loan Amount
$1,600,000
Interest Rate
8%
Monthly Payment
$13,383
Total Interest Paid
$1,611,930
Total Amount Paid
$3,211,930
TOTAL COST (including down payment)
$3,611,930
Monthly Savings
$4,104
per month
Interest Savings
$984,885
over 20 years
Total Cost Savings
$984,885
total saved
That's enough to hire 1 additional employees or reinvest in growth.
| Metric | Carryback (3.5%) | Bank Loan (8%) | Your Savings |
|---|---|---|---|
| Purchase Price | $2,000,000 | $2,000,000 | — |
| Down Payment (20%) | $400,000 | $400,000 | — |
| Loan Amount | $1,600,000 | $1,600,000 | — |
| Monthly Payment | $9,267 | $13,367 | $4,100/mo less |
| Total Interest Paid | $624,000 | $1,608,000 | Save $984,000 |
| Total Cost | $2,624,000 | $3,608,000 | SAVE $984,000 |
Browse agencies on the only marketplace with built-in carryback financing.