Balloon Loan Calculator

The principal borrowed at the start of the balloon loan.

The yearly interest rate in percent, as quoted by the bank or lender — enter 5 for 5%.

Even a fraction of a percent compounds into a visible difference over a long term, so it pays to compare offers.

The long notional term the monthly payment is computed from — often 30 years. The payment behaves as if the loan really ran this long.

When the loan actually ends and the whole remaining balance falls due as one balloon payment. It must be shorter than the amortization period.