Posted by Bob-MD on April 03, 1999 at 13:21:07:
The instructions that came with the calculator tell how to calculate a baloon but this method is so much easier…just common sense.
Thanks
Bob_MD
Posted by Bob-MD on April 03, 1999 at 13:21:07:
The instructions that came with the calculator tell how to calculate a baloon but this method is so much easier…just common sense.
Thanks
Bob_MD
Mortgage Calculator/balloon - Posted by Kathy
Posted by Kathy on April 02, 1999 at 20:34:11:
Does anyone have an address for a mortgage calculator where I can find the 5 year balloon payoff amount for a mortgage amortized at 10 years?
Re: Mortgage Calculator/balloon - Posted by Laure
Posted by Laure on April 03, 1999 at 08:05:14:
try www.realdata.com
They have a free, downloadable calcualtor that I use daily ! It’s pretty awesome.
Laure
Re: Mortgage Calculator/balloon - Posted by Bud Branstetter
Posted by Bud Branstetter on April 02, 1999 at 23:39:44:
Plug in the variables to find PMT for a fully amortized loan(N,PV,I)calculate PMT then plug in the N(60) and calculate FV. That gives you The balloon amount.
Re: Mortgage Calculator/balloon - Posted by Dave T
Posted by Dave T on April 02, 1999 at 21:35:23:
http://remaxhomes.com/ has several mortgage calculators and a current rate chart as well. Most software mortgage calculators will print an amortization table. Just look at the principal balance after the 60th payment to answer your question.