In my previous post: How to compute for the monthly amortization payment without a mortgage calculator,  I showed how I compute for the monthly amortization payment by hand. Tyrone of  Millionaire Acts through his comment asked: “How about if we don’t have access to the amortization factors table? Is there a way to compute it?”. I answered yes in my own comment and I would like to illustrate how it can be done through this post.

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In this post I will share how I compute for the monthly amortization payment for foreclosed properties without the need to use any special mortgage calculator. By the way, this would also work for installment loans for assets other than real estate where the monthly amortization payments also contain both principal and interest.

If you’re a real estate investor or if you want to become one, I’m pretty sure you’re interested to learn how a loan calculator or mortgage calculater works or at the very least, you want to learn how to calculate for monthly amortization payments. If you lack any interest on mortgage calculators or if you are simply afraid of numbers, I’m really sorry but you have no choice but to learn this. Real estate investing is a numbers game and one number that you need to know is the monthly amortization you will have to pay for a foreclosed property that you are looking at. It will help determine if an investment property will produce a positive cashflow. Without positive cashflow, you will have no passive income, and you can kiss your dreams of becoming financially-free goodbye… Read the rest of this entry