1
Enter the loan amount
Add the principal balance, interest rate, and optional origination fee.
Balloon loan calculator
Free Balloon Payment Calculator
A balloon payment calculator estimates the regular monthly payment and the large final payoff due at the end of a balloon loan or balloon mortgage.
Monthly payment
$1,580.17
Final balloon
$226,040.61
Due after
7 years
Calculator inputs
Model the final payoff
Loan terms
Balance, interest rate, and upfront fees for the balloon loan.
Balloon structure
Payment schedule length and the year the balloon comes due.
Results
$226,040.61 final balloon
The regular monthly payment is $1,580.17 for 7 years, followed by the remaining principal balance.
Monthly payments before balloon
$132,734.28
Principal paid before balloon
$23,959.39
Interest before balloon
$108,774.90
Origination fee
$3,750.00
Balloon risk
Payoff exposure snapshot
Amortization schedule
30 yearsThe long payment schedule used to set the monthly payment.
Balloon due date
7 yearsThe shorter period before the remaining balance comes due.
All-in payoff cost
$362,524.90Monthly payments, final balloon payment, and estimated upfront fees.
Quick guidance
Plan before the balloon comes due
Balloon loans can keep monthly payments lower at first, but they require a clear payoff plan. Compare refinancing, sale, savings, or renewal options before accepting the final balance.
Track a friendly loan2
Set both timelines
Use the amortization term for the payment schedule and the balloon term for the payoff date.
3
Compare payoff exposure
Review the monthly payment, final balloon amount, interest paid, and total payoff cost.
FAQ
Balloon payment questions
What is a balloon payment calculator?
A balloon payment calculator estimates the regular monthly payment and the large final payoff due when a balloon loan reaches its balloon date.
How is a balloon payment calculated?
The loan is amortized over a longer schedule, then the remaining principal balance after the shorter balloon period becomes the final balloon payment.
Are balloon payments risky?
Balloon loans can create refinance or cash-flow risk because the final payment may be much larger than the regular monthly payment.
What happens if I cannot make the balloon payment?
Borrowers usually need to refinance, sell the asset, renegotiate, or pay the balance from savings before the balloon date.