Инструкции чекор-по-чекор
Gather Your Inputs
First, identify the principal loan amount (P), annual interest rate (r), and loan term in years (t). For example, let's say the purchase price is $200,000, the annual interest rate is 6%, and the loan term is 30 years.
Convert Annual Interest Rate to Monthly
Next, convert the annual interest rate to a monthly rate by dividing by 12. Using the example, the monthly interest rate (i) is 6% / 12 = 0.005.
Calculate the Number of Payments
Then, calculate the number of payments (n) by multiplying the loan term in years by 12. Using the example, the number of payments is 30 years \* 12 = 360 months.
Apply the Formula
Now, plug in the values into the formula to calculate the monthly payment (M). Using the example, M = $200,000 [ 0.005(1 + 0.005)^360 ] / [ (1 + 0.005)^360 – 1 ] = $1,194.71.
Calculate the Balloon Payment and Yield to Seller
To calculate the balloon payment, you need to calculate the outstanding loan balance after the loan term. The yield to seller can be calculated using the internal rate of return (IRR) formula, which is more complex and typically requires a financial calculator or spreadsheet.
Using a Calculator for Convenience
While it's possible to calculate the seller financing terms manually, it's often more convenient to use a calculator or spreadsheet to perform the calculations. This can save time and reduce the risk of errors. You can use an online seller financing calculator or create your own spreadsheet using the formulas above.
Introduction to Seller Financing
Seller financing is a type of real estate transaction where the seller acts as the lender, providing the buyer with a loan to purchase the property. To analyze the deal, you need to calculate the amortization, balloon payment, and yield to the seller.
Understanding the Formula
The formula for calculating the monthly payment (M) is: M = P [ i(1 + i)^n ] / [ (1 + i)^n – 1 ] Where:
- M = monthly payment
- P = principal loan amount
- i = monthly interest rate (annual rate / 12)
- n = number of payments (loan term in months)
Step-by-Step Calculation
To calculate the seller financing terms, follow these steps:
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