Mortgage with Balloon Payment

This example is continued from Mortgage.

You realize that you will only own the house for about 5 years (60 months) and then sell it. How much will the balloon payment (the repayment to the bank) be?

Variable	Enter
Periods	60

Compute Future Val by scrolling to its variable and choosing Calculate from the menu.

The balloon payment will be $109,469.92 after five years.