Balloon Mortgage Calculator
Balloon Mortgage Calculator
See the payments and risks of a balloon mortgage.
What This Number Means
This payment structure is only one part of the decision. Before you choose a balloon loan, consider:
The lower monthly payment a balloon structure allows
The size of the lump-sum balloon payment due at the end
The risk if you can't refinance or pay the balloon on time
How this compares to a fully amortizing loan of the same term
Whether your exit plan for the balloon payment is realistic
How to Use This Calculator
1
Enter the loan amount and rate: Input your mortgage amount and interest rate.
2
Add the balloon term: Enter the number of years before the balloon payment is due.
3
Confirm the amortization period: Enter the longer period used to calculate the monthly payment.
4
Review the payments and risks: See your monthly payment and the size of the final balloon payment.
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