Balloon Mortgage Calculator

Calculate regular payments and the full final payment due at the balloon date, including that month’s interest.

  • Methods explained
  • Save scenarios
  • Compare saved scenarios

Loan Details

$
%
30 years
7 years

Payment Summary

Monthly Payment$1,799
Balloon Payment$270,717
Total Interest$120,005
Total Payment$420,005
How it works›

Model and assumptions. Amortizing payments use P × r / (1 − (1 + r)^−n), where r is the monthly rate and n the payment count. Interest-only payments use P × r. Remaining principal is still owed at the modeled balloon or comparison date; fees and future refinancing are separate assumptions.CFPB: mortgage termsOpenStax: annuity formulas