What is a balloon loan?

A balloon loan has regular periodic payments followed by a large lump-sum (balloon) payment at the end of the term. Monthly payments are lower but the final balloon payment covers the remaining balance.

Balloon Loan Calculator

Estimate monthly payments and the lump-sum balloon payment due at the end of a balloon loan term.

This tool runs in your browser. None of your data is saved or sold.

Loan amount ($)

Annual rate (%)

Amortization term (years)

Balloon due after (years)

About This Calculator

A balloon loan has lower periodic payments than a fully amortizing loan of the same size, because a large portion of the principal isn't paid until the end — the 'balloon' payment. This calculator shows you both the regular payment and how large that final lump sum will be, so you can plan to refinance, sell, or have the cash ready.

Estimates only — not financial, tax, legal, or investment advice. Verify important results with a qualified professional before making decisions.

standard PMT on full amortization term; balloon = remaining balance after B payments = P(1+r)^B − PMT × ((1+r)^B − 1)/r