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2. Land contract - Wikipedia

   en.wikipedia.org/wiki/Land_contract

   For example, if a buyer pays a $2,000 down payment and borrows $8,000 for a $10,000 parcel of land, and pays off in installments another $4,000 of this loan (not including interest), the buyer has $6,000 of equity in the land (which is 60% of the equitable title), but the seller holds legal title to the land as recorded in documentation in a ...

3. Balloon payment mortgage - Wikipedia

   en.wikipedia.org/wiki/Balloon_payment_mortgage

   An example of a balloon payment mortgage is the seven-year Fannie Mae Balloon, which features monthly payments based on a thirty-year amortization. [5] In the United States, the amount of the balloon payment must be stated in the contract if Truth-in-Lending provisions apply to the loan. [1] [6] Most commonly, term lengths are five or seven ...

4. Amortization calculator - Wikipedia

   en.wikipedia.org/wiki/Amortization_calculator

   The amortization repayment model factors varying amounts of both interest and principal into every installment, though the total amount of each payment is the same. An amortization schedule calculator is often used to adjust the loan amount until the monthly payments will fit comfortably into budget, and can vary the interest rate to see the ...

5. What is mortgage amortization? - AOL

   www.aol.com/finance/mortgage-amortization...

   A mortgage amortization schedule or table is a list of all the payment installments and their respective dates. Mortgage amortization schedules are complex and most easily done with an ...

6. Amortization schedule - Wikipedia

   en.wikipedia.org/wiki/Amortization_schedule

   An amortization schedule is a table detailing each periodic payment on an amortizing loan (typically a mortgage), as generated by an amortization calculator. [1] Amortization refers to the process of paying off a debt (often from a loan or mortgage) over time through regular payments. [2] A portion of each payment is for interest while the ...

7. Amortizing loan - Wikipedia

   en.wikipedia.org/wiki/Amortizing_loan

   where: P is the principal amount borrowed, A is the periodic amortization payment, r is the periodic interest rate divided by 100 (nominal annual interest rate also divided by 12 in case of monthly installments), and n is the total number of payments (for a 30-year loan with monthly payments n = 30 × 12 = 360).