Sell Mortgage, Real Estate Investment, Seller Financing,
Private Mortgage Investment, Discounted Mortgage,
Hard Money Mortgage, Sub Prime Mortgage, Credit Report

Purchase of a mortgage at a discount

Example 2: Enter the numbers in the boxes below. Do not enter a number in the box  next to "Compute". Then click "Compute".

Try with different required yields and see how the amount you can pay changes.

You are considering the purchase of a mortgage. There are 12 payments a year of $859.68 a month. 59 payments are left. You wish to purchase this mortgage to yield you 13% p.a. How much should you pay? Answer $37,332.84. As follows.