Offer summary
123 Sub2 Test St, Birmingham AL
Saved 5/21/2026, 10:40:03 AM · ID 9
$200,000
Cash to you at closing: $20,000
Your offer
| Purchase price | $200,000 |
| Cash at closing (down) | $20,000 |
Carryback note you hold
| Note balance | $60,000 |
| Interest rate | 5.00% |
| Amortization | 30 years |
| Monthly payment to you | $322 |
Important disclosure
About your existing financing: Your current mortgage will remain in your name after closing, with the buyer making the payments. This is called a 'subject-to' purchase. While the buyer is contractually obligated to make these payments and most do so reliably, you should know that if they ever stopped paying, your credit would be affected. We can discuss strategies to protect you, including ways to confirm the buyer's payment performance over time.