Balloon Payment Calculator
Payments plus the lump sum due at the end.
Enter your values
ⓘ Live results
Results
- Balloon payment due
- $226,040.61
- Monthly payment
- $1,580.17
- Paid before balloon
- $132,734.28
- Principal reduced
- $23,959.39
- Total cost
- $358,774.90
Quick answer
A balloon loan uses low payments based on a long amortisation, then requires one large lump sum when the short term ends.
How to use the Balloon Payment Calculator
- 1Enter the loan amount and rate.
- 2Set the amortisation schedule used for the payment.
- 3Set when the balloon falls due.
Worked example
Using the values the calculator loads with:
Inputs
- Loan amount250000 $
- Interest rate6.5 %
- Amortisation period30 years
- Balloon due in7 years
Results
- Balloon payment due$226,040.61
- Monthly payment$1,580.17
- Paid before balloon$132,734.28
- Principal reduced$23,959.39
- Total cost$358,774.90
Frequently asked questions
What happens if I can't pay the balloon?
You must refinance or sell — lenders are not obliged to extend the loan.
Why use a balloon loan?
Lower monthly payments when you expect to sell or refinance before the term ends.
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.