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Updated over 10 years ago on . Most recent reply

Eyal Gokovsky's profile image
Eyal Gokovsky's profile image
Eyal Gokovsky
  • from San Pedro, California
  • Member since Sep 2, 2015

User Stats

7
Posts
1
Votes
Eyal Gokovsky's profile image
Eyal Gokovsky's profile image
Eyal Gokovsky
  • from San Pedro, California
  • Member since Sep 2, 2015
Eyal Gokovsky
  • San Pedro, CA
1
Votes |
7
Posts
Private Lending & Conventional Mortgage Advice

Owner finance amortization

Eyal Gokovsky
  • San Pedro, CA
Posted

Hi, I have this note, and I'm trying to find out what the Balloon/Final payment would be in the end of 3 yrs term?

Also if the borrower decide to "over pay" the $750 a Month, how will I recalculate it?

total:$35,000

Simple interest 4% Per annum

Principal and interest payable in monthly payments of $750 or more

Loan term- 36 Month.

Thank you.

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