Balloon Loan Calculator
Enter the loan amount, rate, the balloon (due) term, and the amortization term to find the payment and balloon.
Result
How to use
- Enter your values in the fields above.
- Press Calculate to see your result instantly.
- Use the Share button to copy a link to your result.
About this calculator
A balloon loan is amortized over a longer schedule — say 30 years — to keep the monthly payment low, but the loan actually comes due much earlier, often in 5 to 7 years, at which point the entire remaining balance is owed as a single large balloon payment.
Borrowers typically plan to refinance or sell the asset before the balloon date rather than pay it off in cash, which makes the size of that final payment the number that matters most. This calculator uses the loan amount, rate, and amortization term to compute the regular monthly payment, then finds the remaining principal balance at the shorter balloon (due) term to show exactly how large that final payment will be.
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