Balloon Amortization +

  • Editor's rating:
  • Requirements: Windows (all)
  • File size: 1.2 MB
  • License: Free to try; $8.00 to buy
    • 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.