Program Description: BALLOON AMORTIZATION
This program is a 16 bit 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. 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.
What's New in this Release: Upgrade PAD file
Link to Balloon Amortization+ sample code
Platform: Win2000,Win7 x32,Win98,WinOther,WinVista,WinXP,Other
License: Free To Try
Home & Hobby::Personal Finance
Date Added: Feb 17, 2009
Last check for an update: Dec 05, 2016
Last version date: Jan 13, 2011
Downloads Total : 1
Downloads last 10 Days: None
Page Visit: 231
Malware Status: Clean
Scan Date: Feb 18, 2009