# Balloon Payment Calculator

#### Info...

## Balloon Loan Calculation Help

You can calculate one of any five possible unknowns with this calculator. Just enter a zero for one of the following: "amount of loan", "annual rate", "balloon due at payment number", "periodic payment" or "final balloon payment".

Therefore, it is easy to solve for a periodic payment amount that will result in a particular balloon payment. Or you can solve for the balloon payment amount given a regular payment amount that you enter.

If you are solving for the final balloon payment amount and the result is negative, that indicates the final payment will not need to be a balloon payment. That is, the periodic payment amount is large enough that a balloon is not needed. Or, conversely, you can reduce the periodic payment amount if you are willing to have a final payment that is a balloon.

NOTE: A balloon payment is NOT the remaining balance of a loan. See "Remaining Balance Calculator" if you need a loan balance after a payment is paid.

## Erica Osborne says:

I need an amortization schedule with the due date is 10 years but fully amortized over 20 years.

## Karl says:

Not sure if you’re just telling me how you are using this calculator, or if you have a question how to calculate what you need? This calculator will handle that calculation. If you need to know how, please give me some example numbers and I’ll explain how it’s done.

## Erica says:

Hi there!!

The loan amount is $120,813.87 with interest of 7% starting 12/28. First payment 1/28 payable monthly until 10 years. Fully amortized over 20 years.

## Karl says:

Okay, that’s helpful.

Since the payment amount for a 20 year amortization is currently not known, you’ll have to do this calculation in 2 steps.

Step 1:

Step 2:

If you want a balloon schedule where you have control over the dates, you can use this amortization schedule, or this loan calculator or this financial calculator. For the 1st two calculator, enter the values as calculated and they will create a schedule with the dates you set. For the last calculator, scroll down the page to the tutorials.

🙂

## Anne says:

how do you set the date on the payment schedule?

## Karl says:

With this balloon calculator, you can’t. However, this amortization schedule will create a balloon payment schedule and you can set both the loan date and first payment date. To use for a balloon schedule, enter all 4 values (loan amount, number of payments [payment number balloon is due], interest rate and normal payment amount) and calculator will show final balloon payment.

If you don’t know all 4 values, then solve for the one unknown, and then rerun setting the number of periods to when the balloon is due. If you have any questions, just ask.