Seller financing is offered for a term of up to 10 years, requiring ay least a down payment of $25,000 and carrying an interest rate of 5.5%. The remaining balance on the home is approximately $390,000. The existing mortgage, including principal, interest, taxes, and insurance (PITI), is $2,555 monthly, with an additional $40 for homeowners association (HOA) fees, all amortized over 30 years. The current owner has held the property for one year.