Where You Stand: Remaining Balance with CUMPRINC & CUMIPMT
This lesson is part of the course
In this lesson
You work out what the Reyeses still owe four years into their mortgage, how much principal they have repaid and how much of their payments went to interest.
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Lessons in this course
- Where You Stand: Remaining Balance with CUMPRINC & CUMIPMT Locked
- New Payment by Term: PMT and the Monthly Saving Locked
- Closing Costs & the Break-Even Month Locked
- Points vs Rate: Buy-Downs, Lender Credits & Their Break-Even Locked
- Total Interest: The Term-Extension Trap Locked
- Cash-Out Refinance: New LTV & the True Cost of the Cash Locked
- ARM Reset Scenarios: Index + Margin, Caps & the Payment Path (Chart) Locked
- Refinance Decision Table: NPV of the Savings (Chart) Locked