Posted by David Alexander on June 03, 2000 at 13:29:31:
For another buyer. The numbers dont add up.
800/month without Taxes and Insurance will give you a 7.6% interest rate, if amortized over 360 months with 113k as the PV.
That would hardly be a sellable note, your going to have to give the notebuyers a yield of at least 11-14% unless the payors have perfect credit, in that case get them a loan. But a loan still wouldnt work if they can only afford 800/month.