This is very similar to the Monthly Payment Loan Calculator above. However, instead of just being able to input extra monthly payments, you can input extra quarterly, semiannual, annual or one time only payments -- and print-out or save an amortization schedule.
With this balloon payment calculator you can get the monthly and balloon payment or just the balloon payment itself. It's also useful as a payoff calculator.
This Loan Calculator deals with a fixed principal payment and varying interest payment. Therefore, the payment is different (and decreases) each month. Use it as an interest only loan calculator by entering 0 in the 'Payment' field.
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