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Is a balloon payment calculator really a balloon?

A balloon payment calculator is not actually in the shape of a balloon. It is used to calculate a balloon payment; it is called a balloon payment because of its size.


Balloon payment you have a balloon mortgage payment and you lost your job how can you get help?

I have a balloon mortgage payment and i lost my job how can i get help


What is a balloon payment?

A balloon payment is a large, lump sum payment made either at specific intervals, or more commonly, at the end of a long-term balloon loan


What is Balloon Payment Calculator?

The Balloon Payment Calculator is a very fast and flexible loan calculator which also handles balloon payments.


What is a final balloon payment on a car payment?

A "balloon payment" is a final, usually quite large, payment on a loan. Essentially what you're doing in such a loan is taking a (slightly) smaller monthly payment in exchange for having to come up with a large lump sum of cash at the end. Generally speaking these aren't such a good idea for a typical borrower. The question to ask is "If I don't have the balloon payment sitting in my account right now, what reason do I have to think I will have it when it comes due?" If you can think of a very good reason (such as "By the time the balloon payment comes due my house will have sold/my bonds will have matured/I can use the money from my Certificates of Deposit without the Substantial Penalty for Early Withdrawal") then maybe the balloon payment loan does make sense. Otherwise you're probably better off avoiding them.


How does a balloon payment calculator work?

The balloon payment calculator takes into account your balloon payments, or your large usually last payment of your loan, and meshes it with your current loan and additional payments.


Information about Balloon Payment Calculator?

there are many sites where you can read useful information about balloon payment calculator


How would a balloon payment effect interest on a loan?

how would a balloon payment effect interest on a loan


Can you explain what a balloon payment calculator is?

Well, a balloon payment calculator is just a tool that helps you figure out how much you'll owe at the end of a loan term if you have a balloon payment. It's like a friendly guide that shows you the future so you can plan ahead and make sure you're prepared. Just input your loan amount, interest rate, and balloon payment details, and let the calculator do the rest - it's here to help you navigate your financial journey with ease.


What is meant by a balloon payment on a lease car?

A balloon payment refers to the last payement you make on a car that you got as a long term lease. At the end of the lease you can either make a balloon payment and buy the car, or you return the car.


Can you pay off a balloon loan early?

Yes, you can pay off a balloon loan early by making a lump sum payment of the remaining balance before the final balloon payment is due. This can help you save on interest costs and avoid potential financial risks associated with the balloon payment.


Where can I find a balloon payment calculator?

If cost is an issue there is always good quality calculators available free on the internet. I use this balloon payment calculator myself and it works perfectly. http://www.pine-grove.com/online-calculators/balloon-payment-calculator.htm