Program Description: BALLOON AMORTIZATION
This program is a version of a balloon payment schedule that demonstrates the effect of reducing initial payments and either making a large payment at the end of the balloon period or refinancing the loan. It will run under Win 95, 98, Me, NT4, XP, & 2000. Bankers are currently touting mortgages with a one to five year balloon.
What they don't tell you is that the interest is usually based on a 30 year term which, unless you know THE NUMBERS can result in a shock to your system.
Printouts are professional looking and may be used by financial planners as the program contains a prepared by: area and may be useful to them in advising a client on this method of mortgage payment by demonstrating the effect this type of mortgage has on the term of the loan as well as the total amount of interest paid.
Loan/Mortgage Refinance Calculator 1.0 Loan/Mortgage Refinance Calculator calculates payments and amortization schedule to refinance loan/mortgage (according to a new rate and/or term)
Biweekly Amortization + 1.2 Program Description: BIWEEKLY AMORTIZATION
THE BANKERS' SECRET IS REVEALED!!!
This program is a version of a biweekly payment schedule that demonstrates the effect of reducing the term and interest amount of a loan. It will run under Win 95,...
Balloon Amortization+ 1.2 This program is a balloon payment schedule that demonstrates the effect of reducing initial payments and either making a large payment at the end of the balloon period or refinancing the loan
Balloon Note 5.1 A balloon note is a long-term loan that has one large payment (the balloon payment) due upon maturity
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