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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. |