Balloon Loan Calculator
Calculate the monthly payment and the final balloon payment due on a balloon loan
Monthly Payment
Balloon Payment Due
Total of Monthly Payments
About Balloon Loans
A balloon loan is a loan with low monthly payments based on a longer amortization schedule, followed by one large final payment (the "balloon") that repays the remaining balance. Because the loan is not fully amortized over the balloon period, a substantial balance remains due when the balloon comes due.
How It Works
The monthly payment is calculated as if the loan were repaid over the full amortization term. When the balloon period ends, the remaining principal balance must be paid in a single lump sum, refinanced, or settled by selling the underlying asset.
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Disclaimer: This calculator provides estimates for educational purposes only. Results do not account for taxes, fees, insurance, or changes in interest rates. Actual loan terms may vary. Consult with a qualified financial advisor before making borrowing decisions.