Balloon Amortization +
Bent Tree Software
This program is a 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. It will run under Win 95, 98, Me, NT4,XP, & 2000. 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.
Version: 1.2 Released: 5/5/2001
Size: 1.21 MB
Platform: Win95,Win98,WinME,WinNT 3.x,WinNT 4.x,Windows2000
Download Link: Download
Keywords: compare loans balloon amortization effect mortgage payments amortization personal finance initial software shareware reducing demonstrates loan