Comp non-market financing adjustment

[JC888]

Hello all,

I have a comparable with favorable financing. The buyer continued the mortgage (lower than current market rate) from the seller - took over the original mortgage. The original loan amount was $2,000,000 and the outstanding balance at the time of the sale was 1,900,000. My question is that should I make the adjustment based on the original loan amount or the outstanding balance?

Thanks,
JC