Which is to say, the speaker has acknowledged that the accounting shenanigans used to get this bill passed in the teeth of statutory spending constraints are basically bullsh**. But thereâs a lot of bullsh** going around Washington just now.
So then I tried the âlittle debtsâ approach. You knowâ¦ Pay off the smallest debt, then take the payment you were making on that and put it against the next debt. Thatâs often called the debt snowball, and the idea behind it is that seeing that âwinâ early is supposed to motivate you.
Here goes... You can solve for either the Monthly Payment and Balloon Payment or the Balloon Payment Only.When you solve for the Monthly & Balloon payments, fill in the first three fields only. The payment is based on a 30 year loan.When you solve for the Balloon Only payment, fill in the first four fields. You can make the payment whatever you want. Therefore, it acts like a payoff calculator.Study the examples below. I think they will make it a bit more clear.