Real Estate & Mortgage
Wraparound Mortgage
Calculate the seller's monthly spread between a wraparound note and the underlying mortgage.
Your inputs
Change any value to update the result instantly.
Seller's monthly spread
1,615.4662
Wrap note payment (received)
2,935.0583
Underlying payment (paid)
1,319.5921
Annual spread income
19,385.5943
Formula and working
Seller spread = wrap note payment − underlying mortgage payment
- 1
Collect the inputs
Wraparound note amount = 400,000; Wrap note rate = 8 %; Wrap note term = 30 years; Underlying mortgage balance = 250,000; Underlying mortgage rate = 4 %; Underlying remaining term = 25 years
- 2
Apply the formula
Seller spread = wrap note payment − underlying mortgage payment
- 3
Result
Seller's monthly spread = 1,615.4662
Frequently asked questions
Important limitation
This is an educational estimate based only on the values and formula shown. Verify current rates, rules, units, and professional standards before relying on the result. It is not personalized financial or investment advice.
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