Real Estate Calculations

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10 Terms

1
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Mil

1/1000 of a dollar 0.001

2
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Percent

1/100 of a dollar 0.01

3
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Loan to Value

the amount being borrowed from the lender

4
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debt to income ratio

the gross monthly income vs the amount of debt a borrower carries

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Debt to income allows for __ overall debt and __ for houding debt _

36%; 28%

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Discount points

1% of the amoung being borrowed

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Amoritization chart calculation process

the amount of the loan divided by 1,000 and multilied by the factor number

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Prepaid Items

paid by the seller at the beginning of the period; buyer owes a credit to seller

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Accrued Itemz

paid by the buyer at the end of the period; seller owes a credit to buyer

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