---
title: Financing Options in REIA Pro
description: "REIA Professional Edition offers quite a few financing options. This article discusses some of the most common. Suppose you plan to purchase a property for $1,000,000. Your first mortgage will finance 75% of the purchase price for 20 years at…"
url: "https://www.realdata.com/docs/financing-options-in-reia-pro/"
updated: "2026-04-07"
category: REIA Pro
---

# Financing Options in REIA Pro

REIA Professional Edition offers quite a few financing options. This article discusses some of the most common.

Suppose you plan to purchase a property for $1,000,000. Your first mortgage will finance 75% of the purchase price for 20 years at 5.5% interest. You will also have an interest-only second mortgage of $50,000 at 6.0% interest. Then in year 5 you will refinance, replacing both mortgages with a single 30-year loan at 5.0% interest. Each of these three loans will cost 1 point. Below is a screenshot from the Cash Flow & Resale Assumptions worksheet reflecting all this.

[![Financing](https://www.realdata.com/wp-content/uploads/2015/07/Financing-300x252.png)](https://www.realdata.com/wp-content/uploads/2015/07/Financing.png)

Row 15 is labelled "Principal Amount ($ or % of purchase price)". For each of the three mortgages, a value greater than 1 is treated as a dollar amount. For example, the value 50,000 in cell H15 means the the second mortgage is for $50,000. A value less than or equal to 1 is treated as a percentage of the purchase price. For example, the value 0.75 in cell E15 means the first mortgage is for 75% of the purchase price, or $750,000.

What would happen if you increased the monthly payment a bit on the first mortgage? Right now, row 27 shows that you'll be paying $5,159.16 per month. What if you decided to rounded this up to $5,200.00? You can model this by entering 5,200.00 in cell E19, labelled "Monthly Payment to Override Calculation."

[![Financing2](https://www.realdata.com/wp-content/uploads/2015/07/Financing2-300x148.png)](https://www.realdata.com/wp-content/uploads/2015/07/Financing2.png)

You can see in row 28, "Loan Balance, End of Year," that the balance on the first mortgage at the end of year 4 is $655,613, compared to $657,800 without the override. In fact, the effect of the override is similar to the term being 236.597 months instead of 240 months.

What if you wanted to pay $5,200.00 per month only in year 4, keeping the regular monthly payment of $5,159.16 in years 1 to 3? To model this, set cell E19 back to 0.00, and go to the "Advanced Features" tab. Enter 5,200.00 in cell G10 of Advanced Features.

[![Financing3](https://www.realdata.com/wp-content/uploads/2015/07/Financing3-300x90.png)](https://www.realdata.com/wp-content/uploads/2015/07/Financing3.png)

Now in row 11 of Advanced Features, you can see that the balance on the first mortgage at the end of year 4 is $657,298.

For more information about financing options in REIA Professional Edition, see Chapter 7 of the [User Guide](https://www.realdata.com/docs/user-guides/).