Note value
What Is My Mortgage Note Worth?
Estimate what a private mortgage note could sell for today. Enter the balance, rate, payment, and remaining term to see a price range at three investor yields.
Leave blank to use the scheduled payment.
Most note investors aim for ~8-14%. We show a range around your number.
Estimated purchase price
At 8.0% yield
$122,725.05
102.3¢ per $1 of balance
At 10.0% yield (your target)
$107,374.71
89.5¢ per $1 of balance
At 12.0% yield
$95,041.24
79.2¢ per $1 of balance
- Total remaining payments (undiscounted)
- $240,893.96
- Monthly payment used
- $1,003.73
This is an educational estimate, not an offer or an appraisal. A real quote depends on the borrower's payment history and credit, the property, the paperwork, seasoning, and lien position. Use it to understand the ballpark, then get an actual quote before you decide.
How note pricing works
When you hold a private mortgage note, say because you sold a property with owner financing, you own a stream of future payments. If you'd rather have cash now, you can sell that stream to a note investor. What they'll pay isn't the balance the borrower owes; it's the present value of the remaining payments, discounted at the yield the buyer needs to earn. This calculator builds your remaining payment schedule and prices it at a range of yields so you can see the trade-off.
Why notes trade at a discount
Two forces pull the price below the balance. First, time: money arriving years from now is worth less than money today, because cash in hand can be reinvested. Second, risk: the borrower might pay late, pay off early, or stop paying, and the buyer wants to be paid for taking that on. The required yield bundles both. A note priced to yield 8% sells for more than the same note priced to yield 12%. A higher target yield means a lower price today.
A worked example
Imagine a note with a $120,000 balance at 8%, paying about $1,000 a month with 20 years left. To a buyer who needs a 10% yield, that stream is worth roughly the mid-$100,000s in today's dollars, noticeably less than the $120,000 owed, and less still to a buyer targeting 12%. Move the yield and watch the price move with it; that's exactly the conversation you'll have with a real buyer.
Who it's for
Note holders weighing a sale, sellers thinking about offering owner financing and wondering about the resale market, and investors sizing up a note they might buy. Treat the number as a starting point, then get an actual quote, because the final price always depends on the paperwork, the payment history, and the property.
Frequently asked questions
What is my mortgage note worth?
A note is worth the present value of its remaining payments, discounted at the return a buyer wants to earn. Enter your balance, rate, payment, and how many payments are left, and this calculator estimates the purchase price at a range of yields. The higher the yield a buyer requires, the less they'll pay today.
Why do notes sell for less than the balance owed?
A buyer is paying cash now for payments that arrive over many years, and they take on the risk that the borrower stops paying. To be compensated for the wait and the risk, they discount the future payments, so a performing note typically sells for less than its remaining balance. That gap is the buyer's yield.
What yield do note buyers expect?
It varies with risk, but many private-note investors target somewhere in the high single digits to mid-teens. Seasoning (a long history of on-time payments), a strong borrower, a first-lien position, and a low balance relative to property value all push the price up and the required yield down.
Is this an offer to buy my note?
No. This is an educational estimate to help you understand the ballpark. A real quote depends on documents, payment history, the property, and lien position, and only a note buyer can make an actual offer.
What makes a note worth more?
A documented history of on-time payments, a borrower with good credit, a first-lien position, a healthy amount of equity in the property, and clean paperwork. Notes with any of these command higher prices because the buyer's risk is lower.
Does the calculator store my numbers?
No. The estimate is computed entirely in your browser. Nothing is saved or sent anywhere, and there's no sign-up.
Run the numbers here. Service the loan in NoteHarbor.
This calculator is scratch math. NoteHarbor keeps the whole note alive, including amortization, payments, escrow, late fees, statements, and tax forms, for every loan you hold or broker, with the exact same engine behind these numbers.
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These calculators are provided for educational and planning purposes only. They are estimates, not financial, tax, or legal advice, and not an offer to buy or sell anything. Figures assume on-time payments and the inputs you enter; your actual loan or transaction may differ.