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Create a loan amortization schedule for the first five years of the 30 year mortgage from the first tab. Calculate the net proceeds from the
Create a loan amortization schedule for the first five years of the 30 year mortgage from the first tab. | |||||||||
Calculate the net proceeds from the sale of the house. | |||||||||
Use the Sales Price from tab #1. | |||||||||
Loan Amortization | Sale of Property after 5 years | ||||||||
PV | 0 | Selling price (from #1) | $0 | ||||||
I | 0.00% | Mortgage balance | |||||||
NPER | 0 | after 5 years (60 mo) | $ - | ||||||
PMT | Calculate the payment | ||||||||
FV | 0 | Profit from house | $0.00 | ||||||
Selling costs | $0.00 | ||||||||
Month | Beg Bal | Payment | Interest | Principal | End Bal | ||||
1 | $ - | Net Proceeds | $0.00 |
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