Balloon Payment Calculator
Enter the loan, rate, amortization term and balloon term to find the balloon payment due.
- Free
- No sign-up
Enter the loan details to see the balloon payment.
Worked example
With these example inputs:
- Loan amount$300,000
- Interest rate6.5%
- Amortization term30 yr
- Balloon term7 yr
Balloon payment: $271,249
- Monthly payment$1,896
- Principal paid off$28,751
Frequently asked questions
How does a balloon payment work?
Payments are based on a long amortization, but the loan ends early with the remaining balance due as a lump sum. A $300,000 loan at 6.5% amortized over 30 years leaves about $271,249 due after 7 years.
Why choose a balloon loan?
The long amortization keeps monthly payments low, which can suit short holding periods. The catch is the large balloon, which usually has to be refinanced or paid off.