Calculating Hard Money Cost - Posted by Kelly/az

import · July 16, 2003, 10:57am

Posted by James Strange on July 16, 2003 at 16:03:58:

One point on this would be $840.

import · July 16, 2003, 10:57am

Posted by Kelly/az on July 16, 2003 at 10:57:16:

Am I doing the math right on this?

84,000 purchase money, 17% interest, one point paid at end of loan

17% interest for three months ? 3,570
One point 8,400

Total Return to investor 11,970.00

(84,000 x 17% = 14,280 divided by 12 = 1,190 interest per month x 3 = 3,570)

Please let me know, I have some people who are awaiting a proposal from me.

Thanks
Kelly/az

import · July 16, 2003, 6:49pm

Re: Calculating Hard Money Cost - Posted by Jasonrei

Posted by Jasonrei on July 16, 2003 at 18:49:36:

Yeah, one point is $840, so your looking at about $4410 total.