Question 13. of 15.) You have just purchased a $280,000 mortgage note with a 30-year amortization term for a price of $234,000. The mortgage was issued at a 8.5% rate, and it currently has 27 years remaining. Since issuance, all 36 monthly payments have been made. What will be your annual yield on the note?

Real Estate Financial Modeling / Questions / Question 13. of 15.) You have just purchased a $280,000 mortgage note with a 30-year amortization term for a price of $234,000. The mortgage was issued at a 8.5% rate, and it currently has 27 years remaining. Since issuance, all 36 monthly payments have been made. What will be your annual yield on the note?

Aug 23