Mortgage Calculator/balloon - Posted by Kathy

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 :slight_smile:

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.