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Mortgage Calculator

The mortgage calculator considers a host of criteria including the interest rate, amortization period, cap rate, NOI, LTV, DSCR and DY to efficiently calculate a potential loan amount, payment, and total costs.


Asset Financials

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Annual income generated minus expenses incurred from operations ?
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Rate of return on a real estate investment property based on the income that the property is expected to generate; Varies for different properties/markets ?
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Property value ?

Sizing Assumptions

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Annual Fixed Interest Rate for this loan Ex: 4% ?
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The length of time you agree to pay back your loan. ?
When DSCR Calculation Option is set to I/O, Amortization will be set to zero
When DSCR Calculation option is set to P/I, Amortization has to be greater than or equal to the Term of Loan
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The period of time it takes to pay off debt with a fixed repayment schedule in regular installments. The most common mortgage terms are 25 and 30 years.
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When DSCR Calculation Option is set to I/O, Interest Only Period will be equal to Term of Loan”
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Period where the borrower is required to pay only the interest on the loan ?
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Closing costs are typically anywhere from 4-7% of the loan amount based on location, loan amount, etc. ?
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Loan amount divided by property value - up to 80% ?
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Net operating income divided by mortgage payment/debt service; typical DSCR is 1.25x (certain loans can go down to 1.15x) ?
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NOI/Loan Amount- typical debt yield is 7-10% ?
P&I I/O
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Choose to underwrite off of the PI payment or the I/O payment ?

Sizing Results

*Final Max Loan is taken from the minimum of the maximum LTV, DSCR and DY.

Underwriting

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Property level cash flow after debt service. ?
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Cash on Cash: Net Cash Flow (Net Operating Income minus Debt Service) / Equity (includes closing costs) ?

Yr 1 Cash on Cash Return Sensitivity Analysis


Amortization Schedule


Capital Services