You have a mortgage for $623,796.94. You will pay it off monthly, over 24 years. Your interest on your mortgage is 8.16. Assume you will have to pay 1% in property tax annually, and your homeowners insurance is $5 per month.

What will be your balance at the end of the 171 month?

Hint: Create an amortization table in Excel, and scroll down to the month. Make sure your loan equals 0 at the end of the final month to ensure your math is correct. To get the correct answer, you will need to be accurate within $1.