Know your target yield? Enter it below and we'll calculate the exact maximum price to pay — plus a smart opening offer so you have room to negotiate.
This tool answers the most important question in note investing: what is the most I should pay for this note? Instead of guessing or working backward on paper, you enter your target yield and let the calculator do the math.
Before you look at any deal, decide the minimum annual return you will accept. This keeps you disciplined. Most experienced note investors use these benchmarks:
You need four numbers from the note documents: the Unpaid Principal Balance (UPB), the monthly payment, the remaining term in months, and any balloon payment. All of these should be in the note's payment history or servicing records.
The calculator gives you two numbers: your maximum offer price (the absolute most you can pay and still hit your target yield) and a suggested opening offer (typically 5% below your maximum). Always start your negotiation at or below the opening offer — this gives you room to move up to your true ceiling without overpaying.
After you know your offer price, run it through the LTV Safety Checker. Your LTV tells you what happens if the borrower stops paying and you have to foreclose. A strong deal has both a good yield AND a low LTV.
Your max offer is the ceiling — the price at which your yield drops to exactly your target. Pay any more and your return falls below your goal. Your opening offer is what you actually say first in negotiations. Starting below your max gives the seller room to counter while you still come out at your target yield or better.