Balloon Mortgage Calculator

With the HP 12C's financial functions plus math and statistics, business professionals have been able to calculate mortgages, balloon payments, depreciation and bond yields for more than a decade. In fact, the HP 12C is the accepted calculator of the New York Stock Exchange. This item is currently available online only.

Balloon payment mortgage - A balloon payment mortgage is a mortgage that has a final payment that is much larger than a regular payment.

Adjustable rate mortgage - An adjustable rate mortgage or variable rate mortgage is a loan secured on a property (house) whose interest rate and so monthly repayment vary over time. Other forms of mortgage loan include interest only mortgage, fixed rate mortgage, Negative amortization mortgage, discounted rate mortgage and balloon payment mortgage.

Participation mortgage - A participation mortgage is a mortgage wherein the lender, or mortgagee, is entitled to share in the rental or resale proceeds from a property owned by the borrower, or mortgagor. A participation mortgage may or may not require principal and interest payments, and may or may not contain a balloon payment.

Balloon note - A long-term loan, often a mortgage, that has one large payment (the balloon payment) due upon maturity. In addition, there may be additional smaller payments at regular intervals before and/or after the balloon payment.

balloonmortgagecalculator

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