Updated about 8 years ago on . Most recent reply
"Surplus Calculation" on BRRRR Calculator
Anyone know how the Surplus calculation ($37,300 in this case) is computed under "Downpayment"?
$45,000 PURCHASE PRICE
| Purchase Closing Costs | $2,300.00 |
| Estimated Repairs | $55,000.00 |
| Total Project Cost | $102,300.00 |
| After Repair Value | $130,000.00 |
Acquisition
| Down Payment | $0 ($37300 surplus) |
| Loan Amount | $82,300.00 |
| Loan Points/Fees | $0.00 |
| Loan Interest Rate | 9.000% |
| Monthly Interest | $617.25 |
| Total Cash Needed At Purchase | $20,000.00 |
Thanks,
George