Texas Instruments BA Real Estate - Calculating Unpaid Balance on an Existing Mortgage

Mortgages and Amortization 23
BEAR-CH1.DOC BA Real Estate Guidebook Jackie Quiram Revised: 09/28/99 1:16 PM Printed: 09/28/99 1:16 PM
Page 23 of 36
Calculating Unpaid Balance on an Existing Mortgage
1. Clear TVM values (if not already cleared).
#
-
2. Enter original term of loan (in years).
25
0
3. Enter interest rate.
8.5
1
4. Enter original loan amount.
$250,000
2
5. Compute payment.
$
3
$
.
2,013.07
6. Enter number of payments made.
180
#
*
7. Compute unpaid balance.
$ 4
$
.
162,362.91