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What is a balloon payment?

Updated: 4/28/2022
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16y ago

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A balloon payment is a large, lump sum payment made either at specific intervals, or more commonly, at the end of a long-term balloon loan

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16y ago
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8y ago

A balloon payment is an unusually large payment due at the end of a mortgage or loan.

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Related questions

Is a balloon payment calculator really a balloon?

A balloon payment calculator is not actually in the shape of a balloon. It is used to calculate a balloon payment; it is called a balloon payment because of its size.


Can you explain what a balloon payment calculator is?

A Balloon Payment is a large payment due at the end of a mortgage or loan period. Therefore, a Balloon Payment Calculator will help you to predict what you will owe on your Balloon Payment.


Balloon payment you have a balloon mortgage payment and you lost your job how can you get help?

I have a balloon mortgage payment and i lost my job how can i get help


What is Balloon Payment Calculator?

The Balloon Payment Calculator is a very fast and flexible loan calculator which also handles balloon payments.


How does a balloon payment calculator work?

The balloon payment calculator takes into account your balloon payments, or your large usually last payment of your loan, and meshes it with your current loan and additional payments.


Information about Balloon Payment Calculator?

there are many sites where you can read useful information about balloon payment calculator


How would a balloon payment effect interest on a loan?

how would a balloon payment effect interest on a loan


What is meant by a balloon payment on a lease car?

A balloon payment refers to the last payement you make on a car that you got as a long term lease. At the end of the lease you can either make a balloon payment and buy the car, or you return the car.


Where can I find a balloon payment calculator?

If cost is an issue there is always good quality calculators available free on the internet. I use this balloon payment calculator myself and it works perfectly. http://www.pine-grove.com/online-calculators/balloon-payment-calculator.htm


What is a loan with a balloon payment?

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What term refers to a large final payment due at the end of a loan?

Balloon Payment


What terms refers to a large final payment due to the end of a loan?

Balloon payment