01
Loan term
Note and maturity provision
Record the final due date and whether any remaining balance must be paid then.
Loan terms · field guide
Loan term and amortization answer different questions
Distinguish the date the debt must be repaid from the schedule used to size each monthly payment.
Sources checked November 1, 2026 · Educational document review · No loan offer
Build the evidence before choosing an input
02
Amortization
Payment schedule and calculation assumptions
Record the period, rate, payment frequency and whether payments fully amortize over the actual term.
03
Balance at exit
Schedule for the intended payoff month
Compare the remaining debt, not just cumulative monthly payments or the original amount.
Fictional five-year term / 30-year amortization
An authored teaching record; amounts and situations are fictional, not market statistics or actual borrower files.
- Assume $300,000 at a fixed 6% annual rate, monthly payments based on 360 months, but maturity after 60 payments. No fees or extra payments.
- Monthly P&I is about $1,798.65. Using unrounded payments, balance after payment 60 is about $279,163.07.
- That balance remains due at maturity under this hypothetical structure; the first five years do not repay the loan in full.
A 30-year payment calculation does not give the borrower a 30-year contractual term.
Turn the record into a usable next step
- 1
Write term and amortization in two separate fields when comparing proposals. Ask for clarification if marketing says 30-year but the note shows an earlier maturity.
- 2
Request the lender’s complete schedule and reconcile the payment, balance and any final balloon. Confirm rounding and payment timing with the actual contract.
- 3
Carry the scheduled balance into your exit plan and examine the source of repayment. A future sale or refinance remains conditional until it is completed.
What this evidence does not settle
The balance is P(1+r)^k − M((1+r)^k−1)/r, with P=$300,000, r=.06/12, k=60 and unrounded M=P×r/(1−(1+r)^−360). Displayed dollars are rounded; actual contracts may use different conventions.
Sources and scope
- CFPB — What is a balloon payment?
Defines the large payment at maturity and the risk of relying on refinancing.
Read November 1, 2026. This is the check date, not a new effective date for the source.
- CFPB — Loan Estimate explainer
Definitions and document fields for checking costs, taxes, insurance and loan terms.
Read November 1, 2026. This is the check date, not a new effective date for the source.
The review steps are DSCRDealCheck’s editorial checklist. Agency guides and consumer mortgage explainers define documents and concepts; they do not establish a DSCR provider’s program rules or guarantee that consumer disclosure requirements apply to business-purpose financing. See the transaction-scope distinction in Regulation Z. Confirm the actual file with the provider and the relevant qualified professional.
Continue the loan terms review
Choose the unresolved document in your file. Each guide addresses a different input or obligation.