44 — M
ORTGAGE
Q
UALIFIER
P
LUS
®
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 then for years
1-10.
STEPS
KEYSTROKES
DISPLAY
Clear calculator
o o
0.00
Enter loan amount
2 2 5 ) l
225,000.00
Enter interest
7 • 4 ˆ
7.40
Enter term
3 0 T
30.00
Find monthly P&I payment
p
“run” 1,557.85
Enter Payments #1-9
1 : 9 s b a
“run” 1-9
Find interest
a
12,449.13
Find principal
a
1,571.56
Total principal and interest
a
14,020.69
Find remaining balance
a
223,428.44
Find remaining term
a
29.25
Find mortgage interest deduction
for Payments #1-9
a
2,614.32
Enter Years #1-10
1 : 1 0 a
“run” 1-120
Find interest
a
156,798.68
Find principal
a
30,143.87
Total principal and interest
a
186,942.55
Find remaining balance
a
194,856.13
Find remaining term
a
20.00
Find mortgage interest deduction
for Years #1-10
a
32,927.72
