Early Retirement & Financial Independence Community - View Single Post - Real Estate question regarding a 2nd note

LRAO · 01-21-2005, 09:56 AM

Can I use a simple auto loan calculator to figure out what the payments would be if the seller carried the 2nd?

Example: according to Bankrate's auto calc,

a $100,000 loan at 4.0% with a 10-year term would come out to a $1012.45 monthly payment.

Is this right?

Thanks in advance.

01-21-2005, 09:56 AM	#1
LRAO Recycles dryer sheets Join Date: Aug 2004 Posts: 84	Can I use a simple auto loan calculator to figure out what the payments would be if the seller carried the 2nd? Example: according to Bankrate's auto calc, a $100,000 loan at 4.0% with a 10-year term would come out to a $1012.45 monthly payment. Is this right? Thanks in advance.