APR Balloon Payment

Posted By: dmk124

APR Balloon Payment - 08/24/21 07:38 PM

Does anyone have a reliable tool for calculating the APR on a Balloon payment?
Posted By: rlcarey

Re: APR Balloon Payment - 08/24/21 08:19 PM

https://www.ffiec.gov/examtools/FFIEC-Calculators/APR/#/accountdata
Posted By: Richard Insley

Re: APR Balloon Payment - 08/25/21 04:48 AM

The "APR Tool" Randy linked is an implementation of the official standard, which is the mathematical equations found in Appendix J of Reg. Z.