Loan/Mortgage Calculator

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You can use this loan/mortgage calculator to computer the monthly payment, loan period or balloon amount (the balance at the end of load term). Following is the steps:
Enter initial principal and yearly interest rate in percentage (%)
To computer monthly payment, enter actual loan period in years and balloon amount (could be zero), then enter zero in monthly payment.
To computer loan period enter actual monthly payment and balloon amount, then enter zero in loan period.
To computer balloon amount enter actual monthly payment and loan period, then enter zero in balloon.

 


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