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Balloon Loan Payment Calculator with Amortization Schedule and Optional Prepayment

Calculator Preferences
Balloon Loan Payment Calculator Sign
Balloon Loan Payment Calculator

This calculator will calculate the monthly payment, interest cost, and balance due on any combination of balloon loan terms -- plus give you the option of including a printable amortization schedule with the results. The Learn tab includes:

  • What balloon payments are.
  • Advantages and disadvantages of balloon loans.
Learn More

Selected Data Record:

A Data Record is a set of calculator entries that are stored in your web browser's Local Storage. If a Data Record is currently selected in the "Data" tab, this line will list the name you gave to that data record. If no data record is selected, or you have no entries stored for this calculator, the line will display "None".

DataData recordData recordSelected data record: None
Loan amt:Loan amount:Loan amount:Loan amount:

Loan amount:

Enter the amount of the balloon loan (without dollar sign and commas), otherwise referred to as the Principal.

Rate:Interest rate:Annual interest rate:Annual interest rate:

Annual interest rate:

Enter the annual interest rate you will be charged during the pre-balloon payment period. Enter as a percentage but without the percent sign (for .06 or 6%, enter 6).

Pmt freq:Pmt interval:Payment interval:Payment interval:

Payment interval:

Select the frequency of the payment you want to calculate an amount for. Note that if you select a non-monthly payment interval, you then must enter the Term of balloon period in years (number of months option will be unavailable).

Pmt years:Payment years:Years payment is based on:Number of years payment is based on:

Number of years payment is based on:

Enter the number of years the payment will be based on (typically 30 years).

Term of balloon period:

Term of balloon period:

Enter the number of years or months between now and when the balloon payment will come due (normally from 1 to 10 years). If the select box is grayed out, you must enter the term in number of years (months option is not available).

Extra pmt:Extra payment:Optional prepayment:Optional prepayment:

Optional prepayment:

If you would like to apply an additional amount to each payment for paying down the principal during the pre-balloon payment period, enter the amount here. If not, leave the field blank.

Month & year to start payments:

Month and year to start payments:

Select the month and year you plan to make your first payment. The calculator will use the month and year to create an amortization schedule should you choose to have one included in the results.

Schedule?Incl schedule?Include amortization schedule?Include amortization schedule?

Include amortization schedule?

If you would like the results to include an amortization schedule, slide the button to the "Yes" position.

Pmt amt:Payment amount:Payment amount:Payment amount:

Payment amount:

Based on your entries, this is how much your minimum payment will be for the years prior to the balloon payment coming due.

With prepmt:With prepayment:Payment with prepayment:Payment with prepayment:

Payment with prepayment:

This is the total of your minimum payment, plus the prepayment amount (if you chose to enter one). If no prepayment amount was entered, this field will be the same as the payment amount field.

Total pmts:Total payments:Total payments:Total payments:

Total payments:

This is the total of all payments between now and when your balloon payment comes due.

Interest pd:Interest paid:Interest paid:Interest paid:

Interest paid:

This is how much interest you will pay between now and when your balloon payment comes due.

Principal pd:Principal paid:Principal paid:Principal paid:

Principal paid:

This is how much of the principal you will have paid down by the time your balloon payment comes due.

Balloon pmt:Balloon payment:Balloon payment amount:Balloon payment amount:

Balloon payment amount:

This will be the principal balance of your loan when your balloon payment comes due.

If you would like to save the current entries to the secure online database, tap or click on the Data tab, select "New Data Record", give the data record a name, then tap or click the Save button. To save changes to previously saved entries, simply tap the Save button. Please select and "Clear" any data records you no longer need.

Feedback AppreciatedFeedback Greatly AppreciatedYour Feedback Would Be Greatly AppreciatedYour Feedback Is Greatly Appreciated


Help and Tools

Help and Tools:

This section, which you can Unstick or Hide in the Calculator Preferences (just above the top of the calculator), contains the following tabs (content too long to fit within bordered frame can be scrolled up and down):

About: Click this tab for an introduction to the calculator.

Instructions: Click this tab for step-by-step instructions for using the calculator.

Terms: Click this tab for a list of the descriptions that are located within each popup help button (info icons).

PCalc: Click this tab for a handy "pocket" calculator you can use when you need to calculate an entry needed for the calculator.

Data: Click this tab to save a set of entries or a note in between visits. Entries and notes will be stored to your web browser's local storage (if supported by your browser of choice), meaning they can only be recalled with the same device and web browser you were using when you saved them. If you'd like to save entries and notes between devices you can do so by subscribing to the Ad-Free Member Version.



Add or remove this page to/from my favorites.

Adjust Calculator Width:

Move the slider to left and right to adjust the calculator width. Note that the Help and Tools panel will be hidden when the calculator is too wide to fit both on the screen. Moving the slider to the left will bring the instructions and tools panel back into view.

Also note that some calculators will reformat to accommodate the screen size as you make the calculator wider or narrower. If the calculator is narrow, columns of entry rows will be converted to a vertical entry form, whereas a wider calculator will display columns of entry rows, and the entry fields will be smaller in size ... since they will not need to be "thumb friendly".

Show/Hide Popup Keypads:

Select Show or Hide to show or hide the popup keypad icons located next to numeric entry fields. These are generally only needed for mobile devices that don't have decimal points in their numeric keypads. So if you are on a desktop, you may find the calculator to be more user-friendly and less cluttered without them.

Stick/Unstick Tools:

Select Stick or Unstick to stick or unstick the help and tools panel. Selecting "Stick" will keep the panel in view while scrolling the calculator vertically. If you find that annoying, select "Unstick" to keep the panel in a stationary position.

If the tools panel becomes "Unstuck" on its own, try clicking "Unstick" and then "Stick" to re-stick the panel.