sfrcalc.comUnderlying loan (what you still owe)
$
%
yrs
New note to buyer
$
%
%
yrs
Assumptions
yrs
Monthly spread
$0
Underlying payment
$0
New note payment
$0
Down payment collected
$0
Total profit, this window
$0
| Down payment (at closing) | |
| Spread income over the window | |
| Total profit, this window |
"Spread income" accounts for either note maturing before the end of the comparison window — if the underlying loan pays off first, the full new-note payment becomes profit for the rest of the window; if the new note matures or balloons first, spread income stops there. The underlying payment assumes the current balance fully amortizes over the remaining term you enter — if that's not exactly right for your loan, adjust the remaining term until the payment matches your actual statement. Figures here are estimates for planning purposes, not financial, tax, or legal advice.
Heads up: most conventional and government-backed mortgages include a due-on-sale clause, which can let the lender call the loan due if title transfers without their consent — relevant to both subject-to deals and wraps. Whether and how that risk applies to a given deal depends on the loan, the lender, and your state, so have a real estate attorney review the structure before you rely on it.
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