Balloon Mortgage in Financial Formulas

Balloon Mortgage is a type of mortgage loan that requires the borrower to make relatively low monthly payments for a fixed period, followed by a large balloon payment at the end of the loan term. And is denoted by BM.

Formulas to find Balloon Mortgage in Financial

fxBalloon MortgageGo

List of variables in Financial formulas

fx Present Value of Original Balance Go

fx Rate of Interest per Annum Go

fx Frequency of Payments Go

fx Payment Go

FAQ

What is the Balloon Mortgage?

Balloon Mortgage is a type of mortgage loan that requires the borrower to make relatively low monthly payments for a fixed period, followed by a large balloon payment at the end of the loan term.

Can the Balloon Mortgage be negative?

{YesorNo}, the Balloon Mortgage, measured in {OutputVariableMeasurementName} {CanorCannot} be negative.

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