You currently have 14 years of monthly payments remaining, Financial Management

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You currently have 14 years of monthly payments remaining

You currently have 14 years of monthly payments remaining on your mortgage. The interest rate on your loan is currently 4.95%. The principal balance outstanding when you took this 25 year loan (11 years ago) was $315000. How much do you still owe on your house after 11 years of monthly payments? This is the same as asking: What is the present value of the remaining 14 years of payments? 1832.29 is the payment.

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Financial Management: You currently have 14 years of monthly payments remaining

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