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Thanks for stopping by after such a long period of inactivity. To clear all values, including custom or default settings, perform an All-Clear by pressing the Set and x keys. Some calculators support an Average Outstanding Balance field.

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This is, sad to say, the sort of nonsense I've come to expect of them - "But trust us, it's okay we're the good guys! Borrower further authorizes Lender to apply the balance of such proceeds to the payment of the sums secured by this Instrument, whether or not then due, in the order of application set forth in paragraph 3 hereof accounting to the mortgagor for any surplus. Is there a relatively low interest rate period followed by a balloon payment?

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