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App for tracking negatively amortizing loan?

Senior Contributor

App for tracking negatively amortizing loan?

I had found an app a ways back for $19.99 that would track a negatively amortizing loan.  Didn't buy it at the time.  Now I can't find it.

 

Does anyone have recommendations for tracking (an interesting only) negatively amortizing loan?  There will probably be extra payments made as well as one or two balloon payments made.

 

Thanks.

 

Message 1 of 4
3 REPLIES
Senior Contributor

App for tracking negatively amortizing loan?

BUMP -- no suggestions for apps?  Darn.  How about...

 

What would the math formula be to figure out the interest on a loan?

 

Fixed rate Interest would be calculated once a month.

Message 2 of 4
Valued Contributor

Re: App for tracking negatively amortizing loan?

Check with a Escrow Company if their office has access to software to track it.
Message 3 of 4
Valued Member

Re: App for tracking negatively amortizing loan?

Rate x balance ÷ 12 is your I/O calculation

Is this for a Reverse Mortgage?

Message 4 of 4