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Balloon payment
The final lump sum payment due at the end of a balloon mortgage.
Related Terms
Balloon loan
Balloon-frame construction
Payment cap
Late payment
Additional principal payment
Standard payment calculation
Low-down-payment loan
Graduated-payment mortgage (GPM)
Negative amortization
Interest-only loan
Annuity
Fixed installment
VA loans
Draw
Grace period
Trade equity
Acceleration clause
Notice of default
Down payment
Amortization tables
Late charge
Leverage
Cap
Escrow payment
Interest rate caps
Bankruptcy
Federal Housing Administration (FHA)
Prepaid interest
Escrow analysis
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