Amortization List For A Range Of Payments Or Years; Balloon Payment/Remaining Balance Needed To Pay Off A Loan - Calculated Industries 3442 User Manual

Amortization List for a Range of Payments or Years

For a $225,000, 30-year loan at 7.4% interest, find out how much
interest and principal you'll pay in payments 1-9 and years 1-10.
STEPS
Clear calculator
Enter loan amount
Enter interest
Enter term
Find monthly payment
Enter Pmts #1-9
Find interest
Find principal
Total principal and interest a
Find remaining balance
Find remaining term
Find mortgage interest
deduction for Pmts #1-9 a
Enter Years #1-10
Find interest
Find principal
Total principal and interest a
Find remaining balance
Find remaining term
Find mortgage interest
deduction for Years #1-10 a
Balloon Payment/Remaining Balance Needed to
Pay Off a Loan
You're looking at a new home with the following financing available:
Loan amount $125,000 at 8.75% amortized over 30 years but due
and payable after 10 years. What is the balloon payment (remaining
balance) after 10 years?
STEPS
Clear calculator
Enter the loan amount
Enter interest
Enter term
Find monthly payment
Find balloon/remaining
balance after 10 years
46 — M
ORTGAGE
KEYSTROKES
o o
2 2 5 ) l
7 • 4 ˆ
3 0 T
p
1 : 9 π a
a
a
a
a
1 : 1 0 a
a
a
a
a
KEYSTROKES
o o
1 2 5 ) l
8 • 7 5 ˆ
3 0 T
p
1 0 s a
Q P
UALIFIER LUS
®
X2
P
DISPLAY
0.00
225,000.00
7.40
30.00
"run" 1,557.85
"run" 1-9
12,449.13
1,571.56
14,020.69
223,428.44
29.25
2,614.32
"run" 1-120
156,798.68
30,143.87
186,942.55
194,856.13
20.00
32,927.72
DISPLAY
0.00
125,000.00
8.75
30.00
"run" 983.38
"run" 111,277.99