Pocket Real Estate Master Balloon Pmts How To

Pocket Real Estate Master Balloon Pmts How To


Now let me show you how we calculate
balloon payments, also known as remaining balances. So we’ll look at a two hundred fifty
thousand dollar loan amount. We’ll put that in the loan
amount. We have a thirty-year term at 5.875 interest. Go ahead and press payment. This will give us
their payment for the loan. Go ahead and press [8][shift] [Amort] for the second function for our
balance. So the second function of [Amort] is
balance. This is our remaining balance after the
8th year. So, for example, if you have a client
that is actually in his 68th payment we’ll look at the periodic balance after the 68th
payment. So [6][8][shift] plus – the second function of plus is Periodic – and then go ahead and hit [Shift] [Amort] for the second function of Amort
which is Balance. So 229,000 is roughly our remaining balance
after the 68th payment. So that’s a quick overview on
balloon payment. For more details you can download our
user’s guide at www.calculated.com/support

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