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Discounted Mortgage Calculator. How much should you pay for a note.
We recommend a higher yield requirement if buying a second mortgage, if you want to buy them at all! See later in this course.		    
We recommend you follow our courses on using a financial calculator and  discounted cash flows for note brokers. Copyright 2004 www.mortgage-investments.com  
Enter numbers in the    cells.  
Calculated numbers will appear in the       cells. Do not enter anything in these cells.  
 
Don't forget to allow for title insurance, appraisal costs, broker fees and other closing costs and subtract them from net amount to mortgage seller  
 
For fully amortizing mortgages   For balloon mortgages  
use this column   use this column  
       
Current fair market value of property   Current fair market value of property  
 
Original mortgage balance     Original mortgage balance    
 
Interest rate per year     Interest rate per year    
 
Original number of payments     Amortization period    
  Number of payments before balloon  
 
Payment amount     Payment amount    
         
 
NOW CALCULATE THE BALANCE REMAINING:   NOW CALCULATE THE BALANCE REMAINING:  
 
Interest rate per year     Interest rate per year    
         
Enter number of payments made   Enter number of payments made  
 
Number of payments left     Number of payments left BEFORE balloon  
  plus balloon with payment #  
This is the balance remaining     This is the balance remaining    
         
Loan to value     Loan to Value    
 
NOW CALCULATE HOW MUCH TO PAY   NOW CALCULATE HOW MUCH TO PAY  
 
Yield wanted     Yield wanted    
 
Price to pay if buying whole income stream   Price to pay if buying all  
  remaining MONTHLY payments ONLY, not balloon  
Investment to Value Ratio     Investment to Value Ratio    
                           
BUYING PARTIAL MORTGAGE ONLY   BUYING PARTIAL MORTGAGE MONTHLY PAYMENTS ONLY  
  (not balloon)  
How many payments     How many payments    
 
Yield wanted     Yield wanted    
 
Price to pay for next payments   Price to pay for next payments  
         
Investment to Value Ratio     Investment to Value Ratio    
 
Leaving mortgage seller with last monthly payments Leaving mortgage seller with last monthly payments
  of   plus balloon as calculated below   of  
 
  BALLOON CALCULATIONS  
 
  Balloon amount after payments  
 
  Number of payments left before balloon  
 
  Yield wanted to purchase balloon  
 
  Amount to pay for entire balloon    
  due in months  
 
  Investment to Value Ratio buying last  
  payments plus balloon  
  at prices above  
  NOTE: We do not recommend buying the balloon only and  
  not the last payments.  
  If the borrower stops paying, the balloon may get foreclosed away.  

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