![]() Instead of using this Loan Calculator, it may be more useful to use any of the following for each specific need: Mortgage CalculatorÄeferred Payment Loan: Single Lump Sum Due at Loan Maturity Below are links to calculators related to loans that fall under this category, which can provide more information or allow specific calculations involving each type of loan. Many commercial loans or short-term loans are in this category. Unlike the first calculation, which is amortized with payments spread uniformly over their lifetimes, these loans have a single, large lump sum due at maturity. Bond: Predetermined Lump Sum Paid at Loan Maturity Some loans, such as balloon loans, can also have smaller routine payments during their lifetimes, but this calculation only works for loans with a single payment of all principal and interest due at maturity. This kind of loan is rarely made except in the form of bonds. Technically, bonds operate differently from more conventional loans in that borrowers make a predetermined payment at maturity. ![]()
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