Amortization List For A Range Of Payments Or Years; Balloon Payment/Remaining Balance Needed To Pay Off A Mortgage - Calculated Industries 3423 User Manual

Amortization List for a Range of Payments or Years

For a $225,000, 25-year mortgage at 7.4% interest, find out how
much interest and principal you'll pay in payments 1-9, and then for
years 1-10.
STEPS
Clear calculator
Enter Mortgage Amount
Enter annual Interest rate
Enter Term in years
Find monthly P&I Payment p
Enter Payments #1-9
Find interest paid
Find principal paid
Find P&I paid
Find remaining balance
Find remaining term
Enter Years #1-10
Find interest
Find principal
Find P&I paid
Find remaining balance
Find remaining term
Balloon Payment / Remaining Balance Needed to Pay Off
a Mortgage
You're looking at a new home with the following financing available:
mortgage amount $225,000 at 6.75% amortized over 25 years but
due and payable after 10 years. What is the balloon payment
(remaining balance) after 10 years?
STEPS
Clear calculator
Enter Mortgage Amount
Enter Interest rate
Enter annual Term in years 2 5 T
Find monthly P&I Payment p
Find balloon/remaining
balance after 10 years
36 — Q
UALIFIER
KEYSTROKES
o o
2 2 5 ) l
7 • 4 ˆ
2 5 T
1 : 9 s b a
a
a
a
a
a
1 : 1 0 a
a
a
a
a
a
KEYSTROKES
o o
2 2 5 ) l
6 • 7 5 ˆ
1 0 s a
P ® 4
LUS X
DISPLAY
0.00
225,000.00
7.40
25.00
"run" 1,631.89
"run" 1-9
12,240.39
2,446.63
14,687.01
222,553.37
24.25
"run" 1-120
149,169.59
46,657.27
195,826.85
178,342.73
15.00
DISPLAY
0.00
225,000.00
6.75
30.00
"run" 1,541.36
"run" 175,202.35