FHA Seller-Paid Interest · SecurityNational Mortgage

What does it cost a seller to cover six months of interest?

On this FHA structure, the seller covers the interest portion of the buyer's payment for the first six months. The buyer pays principal only — every dollar of their payment goes straight to the loan balance. Enter the deal below to see the number you'd write into an offer.

The deal
$
%
$17,500 down · 96.5% LTV
FHA minimum down payment is 3.5% of the purchase price.
%
Note rate only — not APR.
30-year fixed Standard
Add taxes, insurance & monthly MIP
$
$
Estimate at 0.55%/yr: $0/mo. The seller credit does not cover this — it stays in the buyer's payment.
Total cost to the seller
$0
Six months of interest on a $0 loan at 0%. That's the credit the seller funds at closing — and the buyer's savings, dollar for dollar.
Full principal & interest
$0
What the payment becomes in month 7.
Buyer pays, months 1–6
$0
Principal only.
Monthly relief
$0
Interest covered in month 1.
Where each payment goes, month by month
Interest — seller pays Principal — buyer pays
The six payments
Month Full P&I Interest
seller pays		 Principal
buyer pays		 Balance after
Six-month totals $0 $0 $0 $0
Fits inside the FHA seller contribution limit