Balloon Loan Calculator
Balloon loans look cheap at first — small monthly payments, then one big payment at the end. Enter the loan amount, rate, term and amortization period to see both the monthly figure and the exact balloon amount you will owe.
Monthly Payment
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Balloon Payment at End
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Interest Paid During Term
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Total Paid (payments + balloon)
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How to use
- Enter the loan amount and annual rate.
- Enter the actual term — the number of months after which the balloon payment is due.
- Enter the amortization period used to set the monthly payment (usually longer than the term).
- See the monthly payment and the final balloon amount.
Tips
- Plan your exit before you sign: refinance, sell the asset, or save for the lump sum.
- Compare the total cost with a standard loan — the balloon option is rarely cheaper overall.
- A shorter amortization period shrinks the balloon but raises monthly payments.
- Check whether your lender allows early extra payments without penalties.
Note
The monthly payment is calculated as if the loan ran for the full amortization period; the remaining balance at the end of the actual term becomes the balloon payment due in one lump sum.