Mortgage Financial Calculator

Calculating the yield on a discounted loan

You have been offered $50,000 for a mortgage you own. (The original balance was $100,000, there were originally 120 payments due and your interest rate is 10%.) The mortgage has 66 monthly payments still outstanding of $1,321.51 each. What yield is the note buyer intending to get?  Answer 22.32% p.a.

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

Now experiment with different values.

Amount offered for  the loan? (in $.c)
Yield to note buyer? (in %)
Number of payments left 
Number of payments per yr?
Payment amount (usually monthly) ? (in $.c)

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