Advanced | Simple | Early Payoff | Refinance | HELOC | Recast | Interest Only | Biweekly | Extra Payments | Free Widget |

**Balloon Mortgage Calculator** excel to calculate your monthly payment and get an amortization schedule with balloon payment excel. **Balloon payment calculator** to give you a monthly breakdown of interest, principal, and remaining balance as well as a summary of the total balloon payment and the total payment.

## Balloon Mortgage Calculator Results |
||||||

Monthly Payment: |
$1,610.46 | |||||

Balloon Payment: |
$277,096.66 | |||||

Total Principal Paid: |
$300,000.00 | |||||

Total Interest Paid: |
$72,114.09 | |||||

Total Payment: |
$372,114.09 | |||||

## Amortization Schedule With Balloon Payment |
||||||

Payment Date | Payment # | Interest Paid | Principal Paid | Total Payment | Remaining Balance | |
---|---|---|---|---|---|---|

Feb, 2023 | 1 | $1,250.00 | $360.46 | $1,610.46 | $299,639.54 | |

Mar, 2023 | 2 | $1,248.50 | $361.97 | $1,610.46 | $299,277.57 | |

Apr, 2023 | 3 | $1,246.99 | $363.48 | $1,610.46 | $298,914.09 | |

May, 2023 | 4 | $1,245.48 | $364.99 | $1,610.46 | $298,549.10 | |

Jun, 2023 | 5 | $1,243.95 | $366.51 | $1,610.46 | $298,182.59 | |

Jul, 2023 | 6 | $1,242.43 | $368.04 | $1,610.46 | $297,814.56 | |

Aug, 2023 | 7 | $1,240.89 | $369.57 | $1,610.46 | $297,444.99 | |

Sep, 2023 | 8 | $1,239.35 | $371.11 | $1,610.46 | $297,073.87 | |

Oct, 2023 | 9 | $1,237.81 | $372.66 | $1,610.46 | $296,701.22 | |

Nov, 2023 | 10 | $1,236.26 | $374.21 | $1,610.46 | $296,327.01 | |

Dec, 2023 | 11 | $1,234.70 | $375.77 | $1,610.46 | $295,951.24 | |

Jan, 2024 | 12 | $1,233.13 | $377.33 | $1,610.46 | $295,573.90 | |

Feb, 2024 | 13 | $1,231.56 | $378.91 | $1,610.46 | $295,195.00 | |

Mar, 2024 | 14 | $1,229.98 | $380.49 | $1,610.46 | $294,814.51 | |

Apr, 2024 | 15 | $1,228.39 | $382.07 | $1,610.46 | $294,432.44 | |

May, 2024 | 16 | $1,226.80 | $383.66 | $1,610.46 | $294,048.78 | |

Jun, 2024 | 17 | $1,225.20 | $385.26 | $1,610.46 | $293,663.52 | |

Jul, 2024 | 18 | $1,223.60 | $386.87 | $1,610.46 | $293,276.65 | |

Aug, 2024 | 19 | $1,221.99 | $388.48 | $1,610.46 | $292,888.17 | |

Sep, 2024 | 20 | $1,220.37 | $390.10 | $1,610.46 | $292,498.07 | |

Oct, 2024 | 21 | $1,218.74 | $391.72 | $1,610.46 | $292,106.35 | |

Nov, 2024 | 22 | $1,217.11 | $393.36 | $1,610.46 | $291,712.99 | |

Dec, 2024 | 23 | $1,215.47 | $394.99 | $1,610.46 | $291,318.00 | |

Jan, 2025 | 24 | $1,213.83 | $396.64 | $1,610.46 | $290,921.36 | |

Feb, 2025 | 25 | $1,212.17 | $398.29 | $1,610.46 | $290,523.07 | |

Mar, 2025 | 26 | $1,210.51 | $399.95 | $1,610.46 | $290,123.12 | |

Apr, 2025 | 27 | $1,208.85 | $401.62 | $1,610.46 | $289,721.50 | |

May, 2025 | 28 | $1,207.17 | $403.29 | $1,610.46 | $289,318.21 | |

Jun, 2025 | 29 | $1,205.49 | $404.97 | $1,610.46 | $288,913.23 | |

Jul, 2025 | 30 | $1,203.81 | $406.66 | $1,610.46 | $288,506.57 | |

Aug, 2025 | 31 | $1,202.11 | $408.35 | $1,610.46 | $288,098.22 | |

Sep, 2025 | 32 | $1,200.41 | $410.06 | $1,610.46 | $287,688.16 | |

Oct, 2025 | 33 | $1,198.70 | $411.76 | $1,610.46 | $287,276.40 | |

Nov, 2025 | 34 | $1,196.98 | $413.48 | $1,610.46 | $286,862.92 | |

Dec, 2025 | 35 | $1,195.26 | $415.20 | $1,610.46 | $286,447.72 | |

Jan, 2026 | 36 | $1,193.53 | $416.93 | $1,610.46 | $286,030.78 | |

Feb, 2026 | 37 | $1,191.79 | $418.67 | $1,610.46 | $285,612.11 | |

Mar, 2026 | 38 | $1,190.05 | $420.41 | $1,610.46 | $285,191.70 | |

Apr, 2026 | 39 | $1,188.30 | $422.17 | $1,610.46 | $284,769.53 | |

May, 2026 | 40 | $1,186.54 | $423.93 | $1,610.46 | $284,345.61 | |

Jun, 2026 | 41 | $1,184.77 | $425.69 | $1,610.46 | $283,919.92 | |

Jul, 2026 | 42 | $1,183.00 | $427.47 | $1,610.46 | $283,492.45 | |

Aug, 2026 | 43 | $1,181.22 | $429.25 | $1,610.46 | $283,063.21 | |

Sep, 2026 | 44 | $1,179.43 | $431.03 | $1,610.46 | $282,632.17 | |

Oct, 2026 | 45 | $1,177.63 | $432.83 | $1,610.46 | $282,199.34 | |

Nov, 2026 | 46 | $1,175.83 | $434.63 | $1,610.46 | $281,764.71 | |

Dec, 2026 | 47 | $1,174.02 | $436.45 | $1,610.46 | $281,328.26 | |

Jan, 2027 | 48 | $1,172.20 | $438.26 | $1,610.46 | $280,890.00 | |

Feb, 2027 | 49 | $1,170.37 | $440.09 | $1,610.46 | $280,449.91 | |

Mar, 2027 | 50 | $1,168.54 | $441.92 | $1,610.46 | $280,007.98 | |

Apr, 2027 | 51 | $1,166.70 | $443.76 | $1,610.46 | $279,564.22 | |

May, 2027 | 52 | $1,164.85 | $445.61 | $1,610.46 | $279,118.60 | |

Jun, 2027 | 53 | $1,162.99 | $447.47 | $1,610.46 | $278,671.13 | |

Jul, 2027 | 54 | $1,161.13 | $449.34 | $1,610.46 | $278,221.80 | |

Aug, 2027 | 55 | $1,159.26 | $451.21 | $1,610.46 | $277,770.59 | |

Sep, 2027 | 56 | $1,157.38 | $453.09 | $1,610.46 | $277,317.50 | |

Oct, 2027 | 57 | $1,155.49 | $454.98 | $1,610.46 | $276,862.53 | |

Nov, 2027 | 58 | $1,153.59 | $456.87 | $1,610.46 | $276,405.66 | |

Dec, 2027 | 59 | $1,151.69 | $458.77 | $1,610.46 | $275,946.88 | |

Jan, 2028 | 60 | $1,149.78 | $275,946.88 | $277,096.66 | $0.00 |

The **balloon loan calculator** offers a downloadable and printable loan amortization schedule with balloon payment that you can view and download as a PDF file. Simply enter the mortgage, loan terms, interest rate, and the balloon payment due to get started.

A balloon mortgage is a short-term mortgage, usually 5 to 10 years, but the payment is amortized based on a 30-year term. Borrowers are expected to pay off the mortgage after this period. Before the balloon payment is due, borrowers make regular monthly payments which are relatively small compared to the balloon payment that will be due later. Balloon mortgages are used for both residential and commercial properties and are common for commercial mortgages and business loans. Balloon mortgages are also available for auto loans although less common.

The balloon mortgage is designed to have lower monthly mortgage payments in exchange for making a big lump sum after certain years. Lenders expect the borrowers to repay the loan in the form of a balloon payment after the initial 5 - 10 years. For example, if a balloon payment is for 5 years, borrowers will make regular monthly payments for 4 years and 11 months, and then pay off the outstanding balance in the last payment.

There are many advantages and disadvantages of a balloon mortgage, following are the pros and cons.

**Lower monthly payment**- borrowers make a low monthly payment before the balloon payment is due.**Buy a house sooner**- balloon mortgages give borrowers to buy a house sooner since they will be making much smaller monthly payments before the balloon payment is due. Borrowers who expect to increase their income significantly such as a big bonus from work, salary jump, returns from another investment, or receiving an inheritance can take advantage of a balloon mortgage.**Short-term loan**- if you are planning to sell the house in a few years, it makes sense to get a short-term loan rather than a 30-year fixed mortgage.**Option to refinance**- if you are not able to make the balloon payment when it is due, you can refinance the mortgage into a longer-term mortgage.**Faster processing time**- unlike a traditional mortgage where it takes much longer to process, underwrite and approve, balloon mortgages usually have a shorter processing time.

**Large lump-sum payment**- The lump-sum payment that borrowers are required to pay is large when it is due.**Losing your house**- If borrowers cannot afford to pay the balloon payment, they face the risk of losing their house. Lenders will put the house in foreclosure if borrowers cannot repay their mortgage.**Higher interest rate**- since balloon payments are short term loans, the interest rate is higher than a conventional 30 year mortgage.**Build equity slowly**- Since the monthly payment is lower, the principal payment will also be lower, which means borrowers are building equity on their house much slower.**Need more money**- If circumference changes such as job loss or income cut, borrowers may not be able to pay off the balloon payment. They may need to borrow more money in the future to cover the payment for the balloon payment.

The balloon payment is calculated just like a regular mortgage or loan payment except for the last balloon payment. The balloon payment formula is given below.
**A = (P x i) / (1 - 1 / (1 + i)^ n))**
A = monthly payment
P = the mortgage amount
i = monthly interest rate in decimal
n = the number of months of the term
The above formula calculates the regular monthly payment for the balloon mortgage. At the end of the nth month, borrowers are required to pay back the outstanding mortgage amount.

Let's take a look at an example of how to calculate balloon payment. A $250,000 mortgage with 5% interest, a 30-year term, and the balloon payment is due in 5 years.
Mortgage - $250,000
Interest Rate - 5%
Term = 30 years
Balloon Payment Due = 5 years
Following the formula above, we get
**A = (P x i) / (1 - 1 / (1 + i)^ n)),**
Since we need to use the monthly interest rate in decimal form, we have to first divide the interest rate by 12 and 100. We also need to use the loan terms in months instead of years. Therefore,
**i = i / 12/ 100**
**n = 30 x 12 = 360**
A = 250,000 x 5/12/100/(1 - 1/(1 + 5/12/100) ^ 360)
A = 250,000 x 0.004167/(1 - 1/(1 + 0.004167) ^ 360)
A = 1,041.67/(1 - 1/1.004167^360)
A = 1,041.67/(1- 1/4.46828)
A = 1,041.67/(1 - 0.2238)
A = 1,041.67/(0.7762)
A = 1,342.05
Hence, $1,342.05 will be the monthly payment for the first 59 months, and borrowers will need to pay off whatever outstanding amount is left in month 60 when the balloon payment is due.
In this case, the outstanding balance is $230,913.88 after 5 years. You can use the balloon mortgage payment calculator to calculate the balance. In addition, you will get the monthly payment and the amortization schedule with balloon payment.

The balloon mortgage calculator can be used to calculate any type of balloon loan or mortgage payment. For conventional loans, please use the simple loan calculator or the advanced mortgage calculator. Following are the definitions of the balloon mortgage calculator.
**Mortgage Amount** - The mortgage that a borrower plans to take out.
**Loan Terms** - The number of years the balloon mortgage is based on.
**Balloon Payment Due** - In how many years is the borrower expected to pay off the outstanding balance.
**First Payment Date** - Borrowers are free to choose when the first payment date be. It could be a date from the past, present, or future.

The above example shows a **5 year balloon mortgage calculator** that calculates balloon payments for 5 years. You can change the year to any number of years and calculate the balloon payment. This balloon mortgage calculator does not come with extra payments. You will need to use our regular mortgage calculator with PMI and extra payments for extra payments.

**15 year balloon mortgage calculator** calculates balloon payments for 15 years. Simply change the number of years to 15 and you will get the monthly payment information for the first 15 years with a big payment at the end of the term.

VA Loan Calculator

USDA Loan Mortgage Calculator

Simple Mortgage Calculator

PITI Mortgage Calculator

ARM Mortgage Calculator

Interest Only Mortgage Calculator

Balloon Mortgage Calculator

Mortgage Points Calculator

Second Mortgage Calculator

Cash Out Refinance Calculator

Refinance Break Even Calculator

Refinancing Closing Costs Calculator

Mortgage Recast Calculator

Biweekly Mortgage Calculator with Extra Payments

Mortgage Calculator With Extra Payments

Mortgage Prepayment Calculator

Mortgage Payoff Calculator

Mortgage Comparison Calculator

15 Year vs. 30 Year Mortgage Calculator

Investment Property Calculator

Home Improvement Loan Calculator

Home Sale Net Proceeds Calculator

Closing Costs Calculator

Construction Loan Calculator

Home Appreciation Calculator

Real Estate Commission Calculator

Commercial Real Estate Commission Calculator

BRRRR Calculator

Hard Money Loan Calculator

70% Rule Calculator

Fix and Flip Calculator

Interest Rate Calculator

Home Sale Calculator

Real Estate Capital Gain Tax Calculator

APR Calculator

Property Tax Calculator

Down Payment Calculator

Mortgage Affordability Calculator

Mortgage Balance Calculator

Mortgage Points Break Even Calculator

Jumbo Mortgage Calculator

Mortgage Calculator App

Monthly Mortgage Payment Calculator

Reverse Mortgage Calculator

How Much House Can I Afford

HELOC Calculator

HELOC Payment Calculator

PMI Removal Calculator

Home Equity Loan Calculator

Home Equity Loan Payoff Calculator

Mortgage Insurance Calculator

Amortization Schedule With Irregular Payments

15 Year Mortgage Calculator

30 Year Mortgage Calculator

Condo Mortgage Calculator

Coop Mortgage Calculator

Weekly Mortgage Calculator

Mortgage Calculator Canada

Mortgage Calculator UK

Mortgage Calculator By State

Refinance Savings Calculator

Mortgage Interest Calculator

Auto Loan Payoff Calculator

Auto Loan Calculator with Trade in

Auto Refinance Calculator

Biweekly Auto Loan Calculator

RV Loan Calculator

Motorcycle Loan Calculator

Car Lease Calculator

Car Depreciation Calculator

LTV Calculator Auto

Reverse Auto Loan Calculator

How Much Car Can I Afford

Amortization Schedule Excel

Amortization Schedule With Extra Payments

LTV Calculator

Debt To Income Ratio Calculator

Debt Payoff Calculator

How Much Rent Can I Afford

Boat Loan Calculator

Student Loan Calculator

Student Loan Payoff Calculator

Student Loan Refinancing Calculator

Personal Loan Calculator

Personal Loan Payoff Calculator

Personal Loan Refinance Calculator

Land Loan Calculator

Loan Payoff Calculator

Loan Calculator Excel

Reverse Loan Calculator

Lump Sum Payment Calculator

Biweekly Loan Calculator

Loan Calculator With Extra Payments

Airbnb Calculator

Money Market Account Calculator

Credit Card Payoff Calculator

Credit Card Minimum Payment Calculator

Credit Card Interest Calculator

Multiple Credit Card Payoff Calculator

How to Improve Credit Score

What Percent Do Real Estate Agents Make

Mortgage Calculator | Terms | Privacy | Disclaimer | Contact

©2023 **Mortgage Calculator Excel**