Balloon Mortgage Payment Calculator
Estimate the monthly payment on a balloon mortgage (amortized over a long term) and the lump-sum balance due at the balloon date. Click any i for detail.
Your balloon loan
Principal ($)
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Principal
Original loan amount. |
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|---|---|
APR (%)
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APR
Note rate. |
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Amortization term (years)
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Amortization
Term used to calculate the payment (often 30). |
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Balloon due in (years)
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Balloon
When the remaining balance is due (e.g. 5 or 7). |
How to use this calculator
- Enter principal and rate.
- Set the amortization term used for payment sizing.
- Set when the balloon is due.
- Read monthly payment and balloon balance.
Results explained
The headline is the monthly payment. The range line shows the balloon balance still owed at the balloon date.
Quick reference: balloon structure
How balloon loans differ from fully amortizing loans.
| Feature | Balloon loan |
|---|---|
| Payment | Based on long amortizing term |
| Balloon date | Remaining balance due in a lump sum |
| Risk | Must refinance or pay cash at balloon |
Refinancing risk at the balloon date is not priced into the payment.
How the estimate is built
Payment = amortizing P&I over the amort term. Balloon = remaining balance after N monthly payments.
Example scenario
A $275,000 loan at 6.9% amortized over 30 years with a 5-year balloon has a 30-year-style payment but a large balance due at year 5.
FAQ
Is the balloon the same as a prepayment?
No — it is the scheduled remaining principal when the balloon term ends.
Partially amortizing?
Yes — that is the usual balloon structure this tool models.