Foreclosure Estimator

Foreclosure risk of loss calculator FREE from mortgage-investments.com, Inc. Only change the content of the yellow boxes. Value of property: $100,000 Amount of loan: $75,000 Interest rate: 14% # of months for loan amortization: 999 Use 999 for interest only. Payment : ($875) Cost of legal action: $1,800 # of months to foreclose: 4 Loss of income during foreclosure: $3,500 Clean-up costs: $1,000 Insurance coverage: $200 Property taxes not paid: $2,000 Discount off value for quick sale: 10% Selling costs: 7% Sales price: $90,000 Net after sales costs: $83,700 Profit/Loss to lender $200 Profit if positive, loss if negative Allows for all costs including legal, cleanup etc. This worksheet may be forwarded and distributed freely provided it is not altered in any way. Copyright Mortgage-investments.com, Inc. 2002 http://www.mortgage-investments.com