Mortgage Balloon Payment Calculator

Sale Price
Down Payment
Interest Rate %
Length of Balloon Period
Length of Amortized Interest
Additional Principal Each Month
Other Closing Costs

Monthly Payment $854.36
Balloon Payment Amount $128,590.46
Loan Amount $142,500.00
Total Interest $57,002.34
Total Paid $199,502.34
Payoff Time 7 Yrs

Number of Payments 84
Annual Cost $10,252.32
Points Amount $2,137.50
Total Property Cost $213,639.84

All calculators are made available as self-help tools for your independent use with results based on information provided by the user. All examples are hypothetical and are for illustrative purposes only. Calculated results are believed to be accurate but results are not guaranteed. Mortgage calculator results are based upon conventional program guidelines. Other loan programs are available. Further review by a professional is necessary to obtain exact and complete information and available options for your personal circumstances.
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The name of your potential lender. This field is not required but may help if you have printed out several loan scenarios.
The sale price for your property. (NOT the amount of money you plan to borrow.)
The amount of money you plan to put as a down payment on your property.
The annual percentage rate you will pay for this loan.
The length of your balloon mortgage or loan. Your balance or 'Balloon Payment Amount' will be due at this time. Also choose whether 'Length of Balloon Period' is years or months.
The monthly payment and interest are calculated as if the mortgage or loan were being paid over this length. Also choose whether 'Length of Amortized Interest' is years or months.
The additional amount you will pay each month (over the required 'Monthly Payment' amount) to pay down the principal on your loan.
The number of points (or percentage of the loan amount) you'll be paying to close this loan. Check 'Roll into Loan' if the cost of the loan points is being financed and included in the 'Loan Amount'.
Should be checked if the 'Points' are to be included in the loan as opposed to paid at closing.
Any other costs you'll be paying during the closing of your loan. These might be costs like the appraisal, property taxes, property insurance, title insurance, realtor fees, etc. Check 'Roll into Loan' if your closing costs (not to include loan points) is being financed and included in the 'Loan Amount'.
Should be checked if the 'Other Closing Costs' are to be included in the loan as opposed to paid at closing.
'Principal' + 'Interest' + 'Additional Principal' (where applicable) to be paid each month. Actual payment could include escrow for insurance and property taxes plus private mortgage insurance (PMI).
'Sale Price' - 'Down Payment' + 'Points' (if rolled into loan) + 'Other Closing Costs' (if rolled into loan).
Total amount of interest you will pay over 'Length of Loan'.
Total amount of principal + interest you will pay over 'Length of Loan'.
Amount of time until the loan is paid off.
The amount due at the end of 'Length of Balloon Period'.
The number of payments you will make to pay off the loan.
The amount of money you will pay each year for this loan.
The points percentage applied to the amount you borrow gives the dollar amount the loan points will cost.
Total cost of this property when you include the 'Sale Price', 'Points Amount', 'Other Closing Costs' and the 'Total Interest' to be paid on the mortgage.
When checked, a section will appear below the calculator showing the complete amortization table.
LoanAmount * (Rate / 12) / (1 - (1 + (Rate / 12))-Months)
$854.36 = $142,500.00 * (0.0600 / 12) / (1 - (1 + (0.0600 / 12))-360)
Sale Price - Down Payment + Points Amount (if rolled into loan) + Other Closing Costs (if rolled into loan)
$142,500.00 = $150,000.00 - $7,500.00 + $0.00 + $0.00
$57,002.34 = Previous Month's Total Interest + (Month's Beginning Balance * (Rate / 12)) each month until Balance = 0
Loan Amount + Total Interest
$199,502.34 = $142,500.00 + $57,002.34
7 Yrs = (Previous Number of Monthly Payments + 1 each month until Balance = 0) / 12 [to convert to years and months]
Loan Balance after Length of Balloon Period + Interest
$128,590.46 = $127,950.71 + $639.75
84 = Previous Number of Monthly Payments + 1 each month until Balance = 0
Monthly Payment * 12
$10,252.32 = $854.36 * 12
(Sale Price - Down Payment) * (Points / 100)
$2,137.50 = ($150,000.00 - $7,500.00) * (1.5000 / 100)
Sale Price + Points Amount + Other Closing Costs + Total Interest
$213,639.84 = $150,000.00 + $2,137.50 + $4,500.00 + $57,002.34