Texas contract for deed calculator
Monthly payment, total interest, and financed amount for a Texas seller-financed contract for deed. Computed in your browser under Tex. Property Code §5.061.
A contract for deed is a seller-financed arrangement under Texas law where the seller holds legal title until the final payment and the buyer takes possession and equitable title while making installment payments. This calculator computes the monthly payment on a fully amortizing contract from the purchase price, down payment, interest rate, and term. Use it to size a deal before closing; once the contract is executed and boarded with a Texas servicer, the schedule on the executed contract becomes the system of record.
INPUTS
MONTHLY PAYMENT (P&I)
$1,719.37
Principal and interest only. Property taxes and hazard insurance are separate obligations.
Financed amount
$160,000.00
Purchase price minus down payment.
Total interest
$149,486.27
Over the 15-year term.
Total paid
$309,486.27
Principal plus all interest over the full term.
Contracts for deed in Texas
Texas Prop. Code §5.061 through §5.086 governs residential contracts for deed on homestead property. Before closing, the seller must provide the buyer with a written disclosure covering tax status, encumbrances, and HOA obligations (§5.069). After closing the seller must provide annual accounting statements (§5.070). These are legal requirements separate from servicing; origination and the required disclosures must be handled by a Texas real estate attorney and a licensed RMLO.
Once a contract is executed, a licensed servicer takes over the operational work: collecting and posting payments, administering escrow for property taxes and insurance, sending annual IRS 1098/1099 forms, and managing default notices under Tex. Property Code §51.002. Moat services Texas contracts for deed only — notes secured by property in other states are outside Moat's Texas-only scope; out-of-state lenders can register their state for updates on future availability.
Servicing runs $35 per loan each month for a non-escrowed contract ($40 with escrow), with a one-time $150 setup. There is no contract; 30 days notice to terminate. The full fee schedule is published on the pricing page.
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Contract for deed in Texas, answered
This is educational information, not legal, financial, or tax advice. Consult a licensed professional about your specific situation. This calculator is a math utility for payment estimation; the legal structure of a contract for deed depends on Texas statutory requirements (Tex. Prop. Code §5.061 et seq., §51.002, homestead rules, ability-to-repay). Consult a Texas real estate attorney and a licensed RMLO before structuring an actual contract for deed. Moat Note Servicing, LLC (NMLS 1419346) is a Texas-licensed mortgage servicer and does not originate loans.
Moat services Texas contracts for deed.
Send your loan documents and we'll review them and quote the boarding.
- $150 setup
- $35/mo non-escrowed
- $40/mo escrowed
- No contract — 30-day notice to cancel