Finance Tools
Balloon Loan Calculator
Calculate monthly payments and the balloon payment amount for a balloon loan, and see total interest paid before the balloon is due.
Inputs
Monthly payment is calculated using the amortization term. The remaining balance at the balloon due time is your balloon payment.
Results
Payment Breakdown
Showing first 24 months.
| Month | Payment | Interest | Principal | Balance |
|---|---|---|---|---|
| 1 | $1,663.26 | $1,458.33 | $204.92 | $249,795.08 |
| 2 | $1,663.26 | $1,457.14 | $206.12 | $249,588.96 |
| 3 | $1,663.26 | $1,455.94 | $207.32 | $249,381.64 |
| 4 | $1,663.26 | $1,454.73 | $208.53 | $249,173.11 |
| 5 | $1,663.26 | $1,453.51 | $209.75 | $248,963.36 |
| 6 | $1,663.26 | $1,452.29 | $210.97 | $248,752.39 |
| 7 | $1,663.26 | $1,451.06 | $212.2 | $248,540.19 |
| 8 | $1,663.26 | $1,449.82 | $213.44 | $248,326.75 |
| 9 | $1,663.26 | $1,448.57 | $214.68 | $248,112.07 |
| 10 | $1,663.26 | $1,447.32 | $215.94 | $247,896.13 |
| 11 | $1,663.26 | $1,446.06 | $217.2 | $247,678.94 |
| 12 | $1,663.26 | $1,444.79 | $218.46 | $247,460.48 |
| 13 | $1,663.26 | $1,443.52 | $219.74 | $247,240.74 |
| 14 | $1,663.26 | $1,442.24 | $221.02 | $247,019.72 |
| 15 | $1,663.26 | $1,440.95 | $222.31 | $246,797.41 |
| 16 | $1,663.26 | $1,439.65 | $223.6 | $246,573.81 |
| 17 | $1,663.26 | $1,438.35 | $224.91 | $246,348.9 |
| 18 | $1,663.26 | $1,437.04 | $226.22 | $246,122.68 |
| 19 | $1,663.26 | $1,435.72 | $227.54 | $245,895.14 |
| 20 | $1,663.26 | $1,434.39 | $228.87 | $245,666.27 |
| 21 | $1,663.26 | $1,433.05 | $230.2 | $245,436.07 |
| 22 | $1,663.26 | $1,431.71 | $231.55 | $245,204.52 |
| 23 | $1,663.26 | $1,430.36 | $232.9 | $244,971.62 |
| 24 | $1,663.26 | $1,429 | $234.26 | $244,737.37 |
How to use this balloon loan calculator
- Enter the loan amount (principal).
- Enter the annual interest rate (APR).
- Enter the amortization term (years) used to compute the monthly payment.
- Enter the balloon due time (years from start).
- Click Calculate to see the monthly payment, remaining balance at balloon, and total interest paid before balloon.
Example
For example, if you borrow $250,000 at 7% APR amortized over 30 years with a balloon due in 5 years, this tool will show:
- Estimated monthly payment based on a 30-year amortization.
- Remaining balance after 5 years (balloon payment).
- Total interest paid during the first 5 years.
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