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Bob Malecki#4 Tax Liens & Mortgage Notes Contributor
  • Investor
  • Kingston, WA
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Need help on formulas for Excel to calc selling value of note

Bob Malecki#4 Tax Liens & Mortgage Notes Contributor
  • Investor
  • Kingston, WA
Posted

Hi All,

I have the 10bii calculator app on my iPhone that has an "easy mode" to determine the purchase price of  a note based upon entering 1. the monthly payment, 2, the remaining term in months, 3. the desired annual % return, and 4. the ending balance (which would be $0 if no balloon). 

I want to set this up on an excel spreadsheet that I'm creating for some financial projections. Does anyone have any thoughts on what formulas to use to recreate this on a spreadsheet, or a website that provides any tips/instructions?

Thanks

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Jeff B.
  • Buy & Hold Owner
  • Redlands, CA
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Jeff B.
  • Buy & Hold Owner
  • Redlands, CA
Replied

TMI.  The note is the note and if you sell it, it's typically at a discount or face value.

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