Cambodian definition, of, relating to, or characteristic of Cambodia, its people, or its culture. See more.
Outstanding Principal Balance The outstanding principal balance of a mortgage is simply the total amount of money it would take to pay off the loan in full. How much this amount is depends on how much was originally borrowed, how much has been paid down, and what the annual interest rate is.
A $90,700 mortgage at 5.3% and you voluntarily paying $1,604 a month in principal and interest would pay off in 66 months. It is difficult to be exact because the numbers you provided are not exact, or, at least a little confusing. If you started at $150,000 mortgage balance for 15 years at 5.3%, the monthly required principal and interest payment would be $1,209.76.