Aidan Birmingham
How to determine how much principal remains when balloon payment is due
I am closing a seller financing deal but am confused with how monthly payments are split up between principal and interest. How do I determine how much principal is owed at the 10 year mark for the balloon payment? I ...
C.S. Bryson
Is this a good deal?? New to investing and seller finance and looking for advice :)
Seller Financing Offer
Purchase Terms
1. Purchase Price: $215,000
2. Down Payment: 20% of the purchase price, equal to $43,000
3. Financed Loan Amount: $172,000
4. Interest Rate: 6.5% per annum (fixed)
5....
C.S. Bryson
Is this a good deal? Looking for advice on my first investment
Seller Financing OfferPurchase Terms1. Purchase Price: $215,0002. Down Payment: 20% of the purchase price, equal to $43,0003. Financed Loan Amount: $172,0004. Interest Rate: 6.5% per annum (fixed)5. Initial Amortizati...
James Bausch
Mortgage Debt Avalanche Calculator
I know I'll get "beat up" here on BP for even suggesting paying everything off :) but I'm at the point where I'm ready to stop scaling (for now) and have everything paid off.I'm really struggling to find an Avalanche ...
Haney Mallemat
Which commercial mortgage should I pick?
My first post and excited to be here!I'm buying a half commercial have residential property in South New Jersey. The bank will only let me get a commercial loan, which means I can only do a 5, 7 or 10 year arm. i'd l...
Jordan Lagrassa
loan amortization
I recently built a house and with the loan it was for 300K for 30 years . I have heard of you make one extra payment per year to principal it would cut down your loan to about 18 years. My question is does anyone know...
Dante Pirouz
Need help analyzing this seller financing
I am looking at purchasing a 27 unit that has seller financing. Here are the terms of the financing: Purchase price: $339,000Down: 25%Loan terms: 5 year term at 6% with a negotiable amortization scheduleThe units are ...
William C.
Amortization schedule not correct?
Can anyone explain why the numbers are different when I run an amortization schedule through a calculator than it is in real life. For example we borrowed $236k at 4% and a 20 year amort. Any calculator I use shows ...
Joey Wang
Making sense of financial impact between different amortization periods
Today, I was reading up on different types of loans - specifically, a fully amortizing vs. partially amortizing loan. I encountered the following table illustration:
What I notice is that with amortizing period loan ...
Jane G.
Commercial Loan with 120 year term?
What are the effects of a 120 year term on a fixed rate mortgage with 30 year amortization and a balloon payment due at maturity? Would it be better to have a shorter term for any reason?