Sub2 / Mortgage Takeover

Buyer takes title; seller's existing mortgage stays in seller's name with buyer making the payments. The whole point is the rate spread vs current market.

Looking for pure seller financing without taking over an existing mortgage? Use the Seller Finance calculator instead.

Inputs

Structure

List price

Existing mortgage

Existing balance

Existing rate

Amort remaining

Cash flow

Monthly rent

Monthly tax

Monthly ins

Your markup fee

Carryback (Hybrid only)

Carryback rate

Amort (years)

Property address

Add to pipeline as a new wholesale deal