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Updated almost 8 years ago on . Most recent reply

Account Closed's profile image
Account Closed's profile image
Account Closed
  • from Yonkers, NY
  • Member since Aug 22, 2017
Account Closed's profile image
Account Closed's profile image
Account Closed
  • from Yonkers, NY
  • Member since Aug 22, 2017
Account Closed
  • Yonkers, NY
95
Votes |
506
Posts
Buying & Selling Real Estate

Calculating cost of financing

Account Closed
  • Yonkers, NY
Posted
Hi everyone, My question today is about mortgages. What formula would you need to calculate the yearly cost of financing for a flip? Would you just multiply the amount financed by the interest rate? Please help me, thanks!
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