You are an appraiser, and you are analyzing the comparable sale of a duplex. The buyer paid $185,000, with seller financing for 100% of the purchase price at an 8% interest rate with 30-year amortization (compounded monthly). Market rates are currently 5.25%.

Premium/discount

Based on your cash equivalent sale price, you are able to determine that the duplex sold at

$60,827 discount

$45,776 premium

$5,088 discount

$4,162 Premium