Balloon Payment Loan
Calculator
Results
- Monthly payment
- $2,039.95
- Balloon due at end
- $60,000.00
- Total interest
- $32,397.13
- Total paid
- $182,397.13
Balance and interest over time
- Remaining balance
- Interest paid to date
Payment schedule
| 1 | 2,039.95 | 1,289.95 | 750.00 | 148,710.05 |
| 2 | 2,039.95 | 1,296.40 | 743.55 | 147,413.65 |
| 3 | 2,039.95 | 1,302.88 | 737.07 | 146,110.76 |
| 4 | 2,039.95 | 1,309.40 | 730.55 | 144,801.36 |
| 5 | 2,039.95 | 1,315.95 | 724.01 | 143,485.42 |
| 6 | 2,039.95 | 1,322.53 | 717.43 | 142,162.89 |
| 7 | 2,039.95 | 1,329.14 | 710.81 | 140,833.76 |
| 8 | 2,039.95 | 1,335.78 | 704.17 | 139,497.97 |
| 9 | 2,039.95 | 1,342.46 | 697.49 | 138,155.51 |
| 10 | 2,039.95 | 1,349.17 | 690.78 | 136,806.34 |
| 11 | 2,039.95 | 1,355.92 | 684.03 | 135,450.42 |
| 12 | 2,039.95 | 1,362.70 | 677.25 | 134,087.71 |
| 13 | 2,039.95 | 1,369.51 | 670.44 | 132,718.20 |
| 14 | 2,039.95 | 1,376.36 | 663.59 | 131,341.84 |
| 15 | 2,039.95 | 1,383.24 | 656.71 | 129,958.60 |
| 16 | 2,039.95 | 1,390.16 | 649.79 | 128,568.44 |
| 17 | 2,039.95 | 1,397.11 | 642.84 | 127,171.33 |
| 18 | 2,039.95 | 1,404.10 | 635.86 | 125,767.23 |
| 19 | 2,039.95 | 1,411.12 | 628.84 | 124,356.12 |
| 20 | 2,039.95 | 1,418.17 | 621.78 | 122,937.95 |
| 21 | 2,039.95 | 1,425.26 | 614.69 | 121,512.68 |
| 22 | 2,039.95 | 1,432.39 | 607.56 | 120,080.29 |
| 23 | 2,039.95 | 1,439.55 | 600.40 | 118,640.74 |
| 24 | 2,039.95 | 1,446.75 | 593.20 | 117,193.99 |
| 25 | 2,039.95 | 1,453.98 | 585.97 | 115,740.01 |
| 26 | 2,039.95 | 1,461.25 | 578.70 | 114,278.76 |
| 27 | 2,039.95 | 1,468.56 | 571.39 | 112,810.20 |
| 28 | 2,039.95 | 1,475.90 | 564.05 | 111,334.30 |
| 29 | 2,039.95 | 1,483.28 | 556.67 | 109,851.02 |
| 30 | 2,039.95 | 1,490.70 | 549.26 | 108,360.32 |
| 31 | 2,039.95 | 1,498.15 | 541.80 | 106,862.17 |
| 32 | 2,039.95 | 1,505.64 | 534.31 | 105,356.53 |
| 33 | 2,039.95 | 1,513.17 | 526.78 | 103,843.36 |
| 34 | 2,039.95 | 1,520.74 | 519.22 | 102,322.63 |
| 35 | 2,039.95 | 1,528.34 | 511.61 | 100,794.29 |
| 36 | 2,039.95 | 1,535.98 | 503.97 | 99,258.31 |
| 37 | 2,039.95 | 1,543.66 | 496.29 | 97,714.65 |
| 38 | 2,039.95 | 1,551.38 | 488.57 | 96,163.27 |
| 39 | 2,039.95 | 1,559.14 | 480.82 | 94,604.13 |
| 40 | 2,039.95 | 1,566.93 | 473.02 | 93,037.20 |
| 41 | 2,039.95 | 1,574.77 | 465.19 | 91,462.43 |
| 42 | 2,039.95 | 1,582.64 | 457.31 | 89,879.79 |
| 43 | 2,039.95 | 1,590.55 | 449.40 | 88,289.24 |
| 44 | 2,039.95 | 1,598.51 | 441.45 | 86,690.74 |
| 45 | 2,039.95 | 1,606.50 | 433.45 | 85,084.24 |
| 46 | 2,039.95 | 1,614.53 | 425.42 | 83,469.71 |
| 47 | 2,039.95 | 1,622.60 | 417.35 | 81,847.10 |
| 48 | 2,039.95 | 1,630.72 | 409.24 | 80,216.39 |
| 49 | 2,039.95 | 1,638.87 | 401.08 | 78,577.52 |
| 50 | 2,039.95 | 1,647.06 | 392.89 | 76,930.45 |
| 51 | 2,039.95 | 1,655.30 | 384.65 | 75,275.15 |
| 52 | 2,039.95 | 1,663.58 | 376.38 | 73,611.57 |
| 53 | 2,039.95 | 1,671.89 | 368.06 | 71,939.68 |
| 54 | 2,039.95 | 1,680.25 | 359.70 | 70,259.43 |
| 55 | 2,039.95 | 1,688.66 | 351.30 | 68,570.77 |
| 56 | 2,039.95 | 1,697.10 | 342.85 | 66,873.67 |
| 57 | 2,039.95 | 1,705.58 | 334.37 | 65,168.09 |
| 58 | 2,039.95 | 1,714.11 | 325.84 | 63,453.98 |
| 59 | 2,039.95 | 1,722.68 | 317.27 | 61,731.30 |
| 60 | 2,039.95 | 1,731.30 | 308.66 | 60,000.00 |
Formula
M amortizes P − balloon/(1+r)^n over n periods= 2039.95
Note
This schedule applies the standard amortization formula to the figures you entered. It assumes a fixed rate, payments made on time, and no fees, insurance or rate changes; a real lender's statement will differ.
More in Loans and debt
See all →Frequently asked questions
What is the balloon payment and why is it so much bigger than the others?+
A balloon loan is amortized on paper over a long period (say 30 years) but matures much sooner (say 5-7 years), so the regular payments only pay down a fraction of the principal — the entire remaining balance comes due as one large final payment.
What are my options when the balloon payment comes due?+
Typically you pay it off with cash, refinance the remaining balance into a new loan, or sell the underlying asset — the calculator shows the exact amount you'll need to have ready or replace, so you can plan ahead.
Why would anyone choose a loan structure like this?+
Balloon loans offer lower monthly payments than a fully amortizing loan of the same term, which suits borrowers who expect a future cash inflow, plan to sell before maturity, or want lower short-term payments and accept refinancing risk.
What's the risk if I can't refinance when the balloon comes due?+
If rates have risen, your credit has weakened, or the collateral has lost value, refinancing may not be available on good terms — or at all — which is the main risk of this loan type and worth planning for well before maturity.
Does making extra payments reduce the balloon amount?+
Yes — any extra principal paid during the term directly reduces the outstanding balance, which lowers the size of the final balloon payment due at maturity.