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A borrower wants to know how much she owes in mortgage loans. The interest portion of her last monthly payment was $300. If she is paying interest at the annual rate of 12%, what was the outstanding balance on her loan before that last payment was made?

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Real estate math commonly covers commissions, property taxes, area/acreage, and loan calculations, frequently using a T-chart method (Part/Total Rate).


1. A borrower wants to know how much she owes in mortgage loans. The interest portion of her last monthly payment was $300. If she is paying interest at the annual rate of 12%, what was the outstanding balance on her loan before that last payment was made?





 
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