Balloon Loan Calculator

Calculate payments for a balloon loan where monthly payments are based on a longer amortization but a large lump sum is due at the end of a shorter term.

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Loan Details

$
%
30 years
7 years

Payment Summary

Monthly Payment$1,580
Balloon Payment$227,621
Regular Payments Total$131,154
Total Interest$108,775
Total Payment$358,775
How it works›

Model and assumptions. Calculates interest on the remaining principal and applies the modeled payment to interest and then principal. Level payments use P × r / (1 − (1+r)^−n), with P/n at zero interest. Payment timing, fees and changing rates are included only where entered; a balloon or unpaid balance remains a liability.OpenStax: annuity formulas