CFA Video: Mortgage Balance Using BAII Plus Calculator

[lambizzee]

Thank you.

[DecipherCipher]

Another method I prefer which may result in a very quick answer (if you can remember it) is,

Firstly the loan amount is 400k (Since we put 100k as downpayment)

N->30, I/Y -> 5.5 PV-> 400k CPT-> PMT, you will get -27,522.16 something

Then all you have to do is change N and CPT->PV to get the remaining principal.

For example, if we made 2 year worth of payments, N left is 30 - 2, so put N->28 and CPT -> PV (388,651.2)

[jonjonperico]

life savior!