The Balloon Payment Calculator is a very fast, easy-to-use and flexible loan calculator which also handles balloon payments. The Balloon Payment Calculator will calculate what the regular payment amount needs to be to result in a given balloon for a particular payment number. It will also calculate the balloon payment amount when the user specifies the regular payment.
For example, assume that you have taken out a loan for $500,000, with an annual interest rate of 8 1/2%. If, after the 48th period, you want a $400,000 Balloon Payment due, you must make regular payments of $5,298.16 assuming a monthly payment period with monthly compounding and payments made in arrears.
Our new, enhanced Balloon Payment Calculator will solve for any one of five unknowns:
The Balloon Payment Calculator is one of our most popular calculators used by borrowers when they want to design their own custom loan. It makes what-if financial planning for loans fast and easy.
Our Flexible Amortization Schedule will produce an amortization table for a balloon loan.
Here's our online balloon payment calculator.
Download a trial of SolveIT! or AmortizeIT! to try this calculator.
No personal information required.