Balloon Loan Calculator

This calculator enables borrowers to quickly see their estimated monthly loan payments for a balloon loan, along with how much they will owe in a lump sum payment at the end of the loan term. A table listing current mortgage rates is displayed under the calculator.

Amount Borrowed:
Annual Interest Rate (APR %)
Loan Term in Years
Date of First Payment:
Optional Upfront Payment
Optional Loan Fees Add to loan?
Optional Ending Balloon Payment
Monthly Payment Amount:
Total Monthly Payments:
Paid Upfront:
Balloon Payment Due at End:
Total of All Payments:
Total interest cost:
Effective APR:

 

Current Mortgage Rates

 

Funding Business Growth.

 

Key Tips & Advice

Things to consider when buying a home:

  • While the 30-year mortgage is the most popular term in the United States, a 15-year term builds equity much quicker;
  • Home buyers in the US move on average of once every 5 to 7 years;
  • Early mortgage payments apply primarily to interest rather than the principal;
  • Using a shorter loan term, paying extra & making bi-weekly payments can better help offset any transaction-based expenses.

Do Home Prices Always Go Up?

In the United States real estate prices have went up about 6-fold since 1970.