Smart debt management for dental practice success.
Dr. Garcia was refinancing her dental practice mortgage and was presented with the option to purchase discount points. Unsure whether the upfront cost would be worthwhile, given her practice's cash flow and her personal financial goals for retirement and her children's education, she needed a clear, data-driven analysis to make an informed decision. Compliance costs and the need for practice valuation further complicated her decision making.
Using Golden Door Asset's Mortgage Points Calculator, we determined the break-even point for purchasing the points. The calculator revealed that by paying $9,000 for 3 points, Maria would save $27,000 in interest over the life of the loan, breaking even in just 3 years. This calculation considered her projected income and the time value of money, ensuring the decision aligned with her long-term financial strategy. Furthermore, we utilized the Debt Service Coverage Ratio calculator to assess the affordability of the new mortgage payments in relation to her practice's income.
The Mortgage Points Calculator requires input of the loan amount, interest rate with and without points, the cost of the points, and the loan term to determine the break-even point. We also used the Debt Service Coverage Ratio to analyze Maria's practice financials.
$27,000 in interest savings over the life of the mortgage.
Selling your business is a marathon, not a sprint. Ensure your final marketing push maximizes buyer interest without breaking the bank by strategically using GRP. This calculator helps you optimize your advertising spend during this critical period.
Discover how a seasoned tech executive leveraged his knowledge and a passion project into a lucrative YouTube channel, significantly boosting his retirement fund. This case study reveals how he used data-driven insights to maximize his YouTube earnings.
Discover how strategic time management and a thriving freelance side hustle powered by the Billable Hours Calculator allowed the Millers to significantly boost their college savings fund and secure their children's future. This tool helped them transform evenings and weekends into a valuable income stream.
Learn how to maximize your inherited IRA's growth and income with our Holding Period Return Calculator. Discover strategies to evaluate investment performance and make informed decisions for long-term financial security.
