Balloon Loan Payment Calculator
Monthly payment and final balloon due for a balloon loan.
Enter your values
ⓘ Live results
Results
- Monthly payment
- $1,798.65
- Balloon payment due
- $268,918.16
- Total paid over term
- $420,004.89
- Total interest paid
- $120,004.89
Quick answer
A balloon loan's monthly payment is based on a longer amortization schedule than the actual loan term, leaving a large balance due at the end.
Balloon = balance remaining after n payments amortized over N years
How to use the Balloon Loan Payment Calculator
- 1Enter the loan amount and rate.
- 2Set the amortization period used to compute the low monthly payment.
- 3Set the actual term — the remaining balance becomes the balloon payment due.
Worked example
Using the values the calculator loads with:
Inputs
- Loan amount300000 $
- Interest rate6 % APR
- Amortization period30 years
- Balloon due at7 years
Results
- Monthly payment$1,798.65
- Balloon payment due$268,918.16
- Total paid over term$420,004.89
- Total interest paid$120,004.89
Frequently asked questions
Why use a balloon loan?
It keeps monthly payments low, often used when the borrower plans to refinance or sell before the balloon is due.
What happens if I can't pay the balloon?
You must refinance, sell the asset, or negotiate with the lender — missing it risks default.
About this calculator
- Built and reviewed by James Whitfield · How we build and test calculators
- Report an error
Results are estimates for general information. For medical, legal, structural or financial decisions, confirm with a qualified professional.