Wrap spread calculator
See what a wraparound deal really pays: your monthly spread, total profit, and the equity left when the balloon hits. Change any number and it updates instantly.
- Buyer pays you
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- You pay the underlying
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- Spread per year
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- Total spread
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- Equity in the notes
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- Down payment + spread + equity
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Estimates for planning only, not financial or tax advice. Real numbers depend on your loan terms, escrow and servicing.
Track this wrap automatically →How the spread works
Your buyer's payment is calculated on what they owe you (sale price minus down payment) at your rate and term. Your payment is calculated on the underlying loan's balance, rate and remaining years. The spread is the difference. At the balloon, the buyer pays off their remaining balance, you pay off yours, and the gap between those two balances is your equity.
Once the deal closes, AdwaBook tracks both notes and every payment for you. See how wrap accounting works.
We handle your books. You handle your business.
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