Balloon Payment Calculator

Your details

The price or principal before any down payment.
Cash paid up front. The amount financed is price minus down payment.
Nominal annual rate; it is divided by the payment frequency below.
%
The schedule the payment is based on (e.g. 30 years).
years
When the remaining balance comes due as a lump sum.
years
How often you pay and how the rate compounds.
Currency
Periodic paymentLarge balloon, plan to refinance or sell
$1,580.17
Balloon payment due$226,040.61
Amount financed$250,000.00
Principal paid before balloon$23,959.39
Interest paid before balloon$108,774.90
Total of payments + balloon$358,774.90
Total cost over the term$358,774.90
Balloon due$226,040.61
Principal paid$23,959.39
Interest paid$108,774.90

You pay 1,580.17 per month, then owe 226,040.61 as a lump sum.

  • The balloon is about 90% of the amount financed, most of your early payments cover interest, not principal.
  • Lenders rarely just hand over a balloon. Plan to refinance, sell the asset, or have cash ready before the term ends.
  • A lower rate, a larger down payment, or a shorter amortization shrinks the balloon, but a shorter amortization raises the payment.

Next stepCompare the balloon against a fully amortizing loan to see the true cost of the lower payment.

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