The balloon note is a long-term loan that
has one large payment due upon maturity.
The balloon note often has the
advantage of very low interest payments, and smaller installments, thus
requiring very little capital outlay during the life of the loan.
The balloon note can
be used for a mortgage loan and car auto loan with a balloon payment calculator
and a amortization schedule. There may be additional smaller payments at regular
intervals before and/or after the balloon payment.
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