Balloon Payment Calculator
Works out the regular payment and the lump sum due at the end of a balloon loan.
Balloon payment
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Share sends a link that reopens these numbers. Copy details pastes the full breakdown as a list.
Monthly payment —
Paid before the balloon —
Balloon as % of the loan — %
Reading this —
The formula
payment = amortising payment over the long period balloon = balance after the short term
Payments are set as if the loan ran for the full amortisation period, and whatever is left falls due at the end of the term.
What to watch out for
Lower payments now come with a large sum later. That is the risk to plan around.
Frequently Asked Questions
What is a balloon payment?
A large final payment that clears the rest of a loan. 100,000 at 7% amortised over 25 years leaves 91,162.15 due after 5.