.com/calculators/HF04′ target=’_blank’>Calculator: How Much Will My Balloon Mortgage. – Arvest – The term of a balloon mortgage is usually short (e.g., 5 years), but the payment amount is amortized over a longer term (e.g., 30 years). An advantage of these loans is that they often have a lower interest rate, but the final balloon payment is substantial.
Calculator Rates Loan Amortization Calculator. This calculator will figure a loan’s payment amount at various payment intervals — based on the principal amount borrowed, the length of the loan and the annual interest rate.
Interest-only mortgage calculator Calculate your mortgage payment and more Use this interest-only mortgage calculator to generate an amortization schedule for an interest-only mortgage.