Need some help.
How can I calculate a payoff of a mortgage or home sell contract? I'm the seller, in this case.
In this case we have a contract for x dollars. Monthly payments of some amount, part of which are for the contract and part retained for escrow for property tax and insurance.
And have interest involved also
Also a late fee is involved if full payment not made monthly by a certain date.
Do any of you know of how I could calculate the payoff? Waiting to hear back from my attorney but wanted to come up with a rough estimate myself.
Last edited by Frogeye; 11/10/22 02:49 PM. Reason: Sided further info.
