What will the ground really cost you each year?
Hunting ground rarely pays for itself, but it often pays for more of itself than people expect. Enter the price and what the ground can earn, then compare a bank loan with a land contract, where the seller carries the note.
Side by side
| Bank loan | Land contract | |
|---|---|---|
| Cash at closing | – | – |
| Amount financed | – | – |
| Annual payment | – | – |
| Property taxes | – | – |
| Income from the ground | – | – |
| Net cost per year | – | – |
| Net cost per month | – | – |
| Income covers | – | – |
| Interest paid, first 5 years | – | – |
| Balance still owed at year 5 | – | – |
Illustrative only, not an offer of credit. Rates shown are examples: lenders and sellers set their own terms, and a balloon means the remaining balance is due that year, usually by refinancing. Read Land Contracts 101 for how seller financing works, or run a seller's side in the Farmland Stocks farm sale calculator.