The extra cash the seller earns each month from the buyer's payment after covering their existing mortgage.
Cash Received at Closing
The net cash the seller receives at closing from the down payment, minus closing costs (wrap mortgage keeps existing loan in place).
Equity Spread
The difference between the buyer's new loan amount and the seller's existing mortgage balance, showing potential gain or liability at balloon (e.g., 3-5 years).
Buyer Benefits
Down Payment
The initial cash the buyer pays upfront, reducing the loan amount needed.
New Loan Amount
The amount the buyer finances to purchase the property.
Monthly Payment
The buyer's monthly cost for the new loan, including principal and interest.
