Daily interest with a 365 or 360 day basis. Choose payment frequency. Add extra principal and see the balloon change.
| First interest-only payment | — |
|---|---|
| Balloon due at maturity | — |
| Total interest (all periods) | — |
| Payments made | — |
| # | Date | Days | Interest | Extra principal | Payment | Balance |
|---|
Interest is computed on actual days since last payment using the selected day count basis. If you prepay principal, the next interest payment drops automatically.