Balloon Loan Calculator

Use our Balloon Loan Calculator to see what a balloon loan really costs. Your monthly payments are calculated as if the loan ran for a long period, such as 30 years, which keeps them low, but the loan ends earlier and the balance still owed then, the balloon, must be paid in one lump sum.

Enter the loan amount, interest rate, amortization period and balloon date to see your monthly payment, the balloon and the total interest. Or start from what you can afford each month to find the largest loan your budget supports. To compare with a loan that is fully repaid over its term, use our Loan Calculator; if you plan to refinance the balloon when it falls due, our Loan Refinance Calculator shows whether a new loan pays off.