Monday, July 11, 2011

Is there an online calculator that will determine loan balance remaining after each random-amount payment?

I am owner financing a real estate sale for 15 years at a fixed interest rate with a required minimum monthly payment of ,400. The buyer wants to occasionally make larger monthly payments (of variable amounts) and pay it off sooner. Is there an online calculator that will determine balance remaining after each random-amount payment? http://bit.ly/mTH0yb

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