Balloon Loan Payments


Compute the payment amount for a simple loan with an optional balloon payment, using monthly interest compounding and monthly payments. Enter the loan amount, number of monthly payments, date the balloon payment will occur, and the nominal annual rate. The payment calculator computes the payment amount for you. The balloon is assumed to be due one month after the last regular payment.

Principal amount: $
Down payment amount: $
Start date:
Amortized over: months
Balloon payment after: months
Interest rate: %

Payment Amount: $658.60

Financial Details:

Principal Amount: $100,000.00
Payment Amount: $658.60
Balloon Payment: $74,155.15
Interest Rate: 6.900%
Interest Compounding: Monthly
APR: 6.900%
Total Amount Financed: $100,000.00
Total Payments: $192,703.15
Total Finance Charge: $92,703.15

Payment Schedule:

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The information provided by these calculators are estimates based on the information entered and may vary from your actual loan, mortgage, investment or savings results. The calculated results are not guaranteed to be accurate and are in no way endorsed, offered or guaranteed by Financial Strategies Online.