Mortgage Interest Differential Payment (MIDP) Calculator

Traditional Buy Down Method

Step 1: Enter Project Information (optional)

Note: Information entered on this page is for display/printing purposes only and is not recorded or saved.

Project Name:

Project Number:

Parcel Number:

Displacee Name:

Calculated by:

Date:

Enter today's date in mm-dd-yyyy format.

Step 2: Existing Payment Information

Existing Mortgage Balance USD ($)

Enter principal balance of the displacement dwelling's existing mortgage as of the date of acquisition in USD ($) here. Format example: 120000

Months Remaining

Enter the number of monthly payments remaining for the displacement dwelling's existing mortgage as of the date of acquisition.

Existing Annual Interest Rate %

Enter the interest rate for the displacement dwelling's existing mortgage as of the date of Initiation of Negotiations here. Format example: 3.99

Existing Monthly Payment USD ($)

Enter the displacement dwelling's existing mortgage monthly payment amount for principle and interest only as of the date of Initiation of Negotiations here. Format example: 1050

Step 3: New Payment Information

New Mortgage Amount USD ($)

Enter the replacement dwelling's new mortgage loan principal amount in USD ($) here. Format example: 120000

Months Remaining (New)

Enter the number of months for the replacement dwelling's new mortgage. Format example for a 15 year mortgage: 180

Lesser: Prevailing or Actual Interest Rate

Enter the interest rate for the replacement dwelling's new mortgage here. Format example: 6.99

Points or Loan Origination Fees

Enter the interest rate for the replacement dwelling's new mortgage here. Format example for 2 points: 2

Summary version
Complete all fields of the calculator, then select the Summary version box above and then select the continue button.