P
ocket
R
efeRence
G
uide
— 15
(cont'd)
Balloon Payment/Remaining
Balance
Find remaining balance after 10 years on
a 30-year, $300,000 loan at 7.5% interest.
KEYSTROKE
DiSPLAY
O O
0.00
3 0 0 0 0 0 L
300,000.00
7 . 5 I
7.50
3 0 T
30.00
P
2,097.64
1 0 s a
260,384.96
Trust Deed/Purchase Price of a
Note - Fully Amortized
You’d like to buy a mortgage with 15 years
remaining, $100 per month in incoming
payments and you desire a 25% return.
What will you pay for the mortgage? What
if you desire a 20% yield?
KEYSTROKE
DiSPLAY
O O
0.00
2 5 I
25.00
1 5 T
15.00
1 0 0 P
100.000
L
(price)
4,682.68
2 0 I
20.00
L
(new price)
5,693.80
Future Value
What will a $200,000 house be worth after
3 years, if you figure an inflation or
appreciation rate of 8.5%?
Note:
Set periods to one per year.
KEYSTROKE
DiSPLAY
O O
0.00
1 s ,
1.00
2 0 0 0 0 0 L
200,000.00
3 T
3.00
8 . 5 I
8.50
s L
255,457.83
1 2 s ,
(return to 12 pmts/yr)
12.00
Date Examples
If a 45-day escrow begins April 26, 2007,
what is the closing date?
KEYSTROKE
DiSPLAY
O O
0.00
4 . 2 6 . 0 7
4-26-07
+ 4 5
45.
=
06-10-07
Your escrow closing date is June 10, 2007.
If today’s date is April 26, 2007, how many
days until it closes? Subtract today's date
from the closing date.
(cont'd)
PRG3400E-D.indd 15
1/17/2011 9:41:24 AM
www.calcert.com
1.800.544.2843
0
5
10
15
20
25
30
