Loan Term - Other Costs Calculation
planned
D
Dyami Myers-Taylor
Location:
Flip Analyzer - Loan Terms - Other Costs
Suggestion:
Add ability to calculate 'Other Costs' as a dollar $ amount OR in fractions of a %
Why:
Most hard money lenders will have 'junk fees' that are separate from the rate and points and are usually a fixed dollar amount vs a percentage (appraisal $450, onboarding $500, admin $300, ect)
Tommy Finch
Yeah, it would be great to add a Novation too. So you could show rehab cost, Mortgage payoff estimate, seller's profit and investors profit!! Game Changer!!
Dave Robertson
planned
Hi Dyami, thanks for the feedback! We will add an option to breakdown and itemize your costs as $ amounts as an option in case you want to do that instead of the % of loan amount option.
D
Dyami Myers-Taylor
Dave Robertson: awesome! Thanks!