Finance Financial terms. T.C. Rock Island, IL loan manager balloon payment origination fee mortgage insurance discount points amount of loan amortization period final payment fixed rate loans simple interest interest calculation interest rate effective interest economic alternatives discount rates borrowed capital co-signer problems compound interest interest increment loan amount loan terms loan fees payment intervals present value compounded interest income stream down payment federal insurance property insurance life insurance periodic payment real estate loans term increment variable rate present value annuity monthly payment earned interest variable mortgage future value credit check life style processing fee discount points appraisal fees calculated payments home ownership alternative financing legal fees real estate fees first payment due desired payment escrow payments