Wraparound Mortgage Calculator

Analyze wrap financing deals and payment spreads

Existing Mortgage

Current Balance ($)

Interest Rate (%)

Monthly Payment ($)

Wraparound Terms

Sale Price ($)

Buyer Down Payment ($)

Wrap Amount ($)

Wrap Interest Rate (%)

Wrap Term (years)

Wrap Analysis

Monthly Payment Spread

$1062/mo

Annual Spread Income

$12,740/year

Wrap Payment (from buyer)

$2262/mo

Interest Rate Spread

3.00%

Equity at Sale

$150,000

Cash at Closing

$30,000

Effective Yield on Equity

10.62%