Estimate the regular monthly payment, interest paid before the balloon date, and the lump-sum balance due at payoff.
The sample values are calculated automatically. Enter your own information for a new estimate.
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Use Amortization Pro to create the full schedule, set a balloon payoff date, edit payment rows, save the loan, and print the final report. $49 one-time purchase.
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These calculators provide mathematical estimates for education and planning. Loan agreements, lender practices, fees, taxes, payment dates, and rounding can change actual results.
From quick calculation to working file
Use the free calculator for a quick balloon estimate. Amortization Pro is the Windows version for saved schedules, editable payment rows, extra principal, rate changes, balloon dates, printing, and CSV export.
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How the calculation works
A balloon loan uses a payment based on a long amortization period but requires the remaining balance to be paid after a shorter period.
This creates a smaller regular payment than fully amortizing the loan by the balloon date, but it leaves a large lump sum to refinance or pay.
The balloon balance depends on the loan amount, rate, amortization term, and number of payments made before the balloon date.
No. Regular payments reduce some principal before the balloon date, so the remaining balance is usually lower than the original amount.
No. A lender payoff statement may add daily interest and fees after the last scheduled payment.
The borrower may need to refinance, sell the property or asset, or negotiate with the lender. Those options depend on the agreement and credit conditions.