Balloon Loan Calculator

Find the monthly payment on a balloon loan and the lump sum due when the balloon comes due.

$
The schedule the payment is based on.
Fractions and decimals both work.
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Balloon Payment
Monthly payment
Payments before balloon
Interest paid before balloon
Principal paid down
Final month total
Balloon Due

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LoanAmountRateBalloon YearPaymentBalloonRemove

How a Balloon Loan Works

A balloon loan has payments figured as if the loan ran for a long amortization period, such as 30 years, but the whole remaining balance comes due much sooner. That final lump sum is the balloon payment.

Monthly payment = PMT(rate ÷ 12, amortization years × 12, loan)
Balloon = balance remaining after the balloon year's last payment

Worked Example

Tips

Most borrowers plan to sell or refinance before the balloon is due, which works only if rates, credit and home values cooperate. Balloon loans are common in commercial real estate and seller financing. Some loans pay only interest until the balloon; use the interest-only calculator for those.