{"id":67417,"date":"2026-10-21T10:23:33","date_gmt":"2026-10-21T07:23:33","guid":{"rendered":"https:\/\/wpcalc.com\/en\/?p=67417"},"modified":"2026-10-21T10:23:33","modified_gmt":"2026-10-21T07:23:33","slug":"balloon-payment-calculator","status":"publish","type":"post","link":"https:\/\/wpcalc.com\/en\/finance\/balloon-payment-calculator\/","title":{"rendered":"Balloon Payment Calculator"},"content":{"rendered":"<section class=\"not-prose calculator-box\" aria-labelledby=\"calculator-title\"><div class=\"flex items-baseline sm:items-center justify-between gap-2 sm:gap-3\"><div class=\"flex flex-col sm:flex-row sm:items-center gap-2\"><span class=\"icon icon-calculator text-primary-700! text-base! dark:text-primary-300!\" aria-hidden=\"true\"><\/span><h2 id=\"calculator-title\" class=\"text-lg font-display font-bold\">Calculate Your Balloon Loan Payment and Balloon Amount<\/h2><\/div><div class=\"calcdash-favorite group\">\n  <button type=\"button\" class=\"favorite\" id=\"favorite\" data-favorite-id=\"67417\" data-favorite-title=\"Balloon Loan\" data-favorite-url=\"https:\/\/wpcalc.com\/en\/finance\/balloon-payment-calculator\/\" data-favorite-excerpt=\"Calculates the monthly payment and the lump-sum balloon payment due at the end of a balloon loan. Enter the loan amount, rate, amortization period and balloon term \u2014 or solve backwards for the payment needed to hit a balloon amount you choose.\" aria-label=\"Add to Favorites\" data-favorite-icon=\"icon icon-loan\">\n    <span class=\"icon icon-shape-star-empty\" aria-hidden=\"true\"><\/span>\n  <\/button>\n  <div class=\"calcdash-favorite__tip\" aria-hidden=\"true\">\n   <span class=\"favorite-tooltip\" id=\"favorite-tooltip\"><\/span>\n  <\/div>\n  <span class=\"sr-only\" role=\"status\" id=\"favorite-status\"><\/span>\n<\/div><\/div><form action=\"https:\/\/wpcalc.com\/en\/finance\/balloon-payment-calculator\/\" method=\"POST\" class=\"calculator\" id=\"calculator-67417\" data-post=\"67417\"><fieldset class=\"fieldset-input is-2\"><legend class=\"sr-only\">Input Fields<\/legend><div class=\"is-single field\" id=\"input-1\"><span class=\"font-semibold\">Loan Terms<\/span><\/div><div class=\"field\" id=\"input-2\"><label for=\"field-2\">Mode<\/label><div class=\"grid grid-cols-1\"><select id=\"field-2\" name=\"mode\"><option value=\"f\" selected>Calculate payment and balloon<\/option><option value=\"r\">Find payment for a target balloon<\/option><\/select><svg class=\"pointer-events-none col-start-1 row-start-1 mr-2 size-5 self-center justify-self-end text-gray-500 sm:size-4\" viewBox=\"0 0 16 16\" fill=\"currentColor\" aria-hidden=\"true\" data-slot=\"icon\">\n              <path fill-rule=\"evenodd\" d=\"M4.22 6.22a.75.75 0 0 1 1.06 0L8 8.94l2.72-2.72a.75.75 0 1 1 1.06 1.06l-3.25 3.25a.75.75 0 0 1-1.06 0L4.22 7.28a.75.75 0 0 1 0-1.06Z\" clip-rule=\"evenodd\" \/>\n            <\/svg><\/div><\/div><div class=\"field\" id=\"input-3\"><label for=\"field-3\">Loan amount<\/label><input type=\"text\" name=\"loan_amount\" id=\"field-3\" aria-describedby=\"calc-unit-3 calc-info-3\" data-number inputmode=\"decimal\" autocomplete=\"off\" spellcheck=\"false\" min=\"0.01\" value=\"300000\"\/><div class=\"unit\" id=\"calc-unit-3\">$<\/div><small id=\"calc-info-3\">The principal you borrow.<\/small><\/div><div class=\"field\" id=\"input-4\"><label for=\"field-4\">Interest rate (APR)<\/label><input type=\"text\" name=\"interest_rate_apr\" id=\"field-4\" aria-describedby=\"calc-unit-4\" data-number inputmode=\"decimal\" autocomplete=\"off\" spellcheck=\"false\" min=\"0\" max=\"100\" value=\"6.5\"\/><div class=\"unit\" id=\"calc-unit-4\">%<\/div><\/div><div class=\"field has-term\" id=\"input-5\"><label for=\"field-5\">Amortization period<\/label><div class=\"term\">N<\/div>  <div class=\"absolute bottom-0 left-16 top-8 w-2 h-0.5 bg-blue-500\"><\/div><input type=\"text\" name=\"amortization_period\" id=\"field-5\" aria-describedby=\"calc-unit-5 calc-info-5\" data-number inputmode=\"decimal\" autocomplete=\"off\" spellcheck=\"false\" min=\"1\" max=\"50\" value=\"30\"\/><div class=\"unit\" id=\"calc-unit-5\">yrs<\/div><small id=\"calc-info-5\">The payment is computed as if the loan fully amortized over this period (a 30\/15 structure uses 30).<\/small><\/div><div class=\"field has-term\" id=\"input-6\"><label for=\"field-6\">Balloon due after<\/label><div class=\"term\">t<\/div>  <div class=\"absolute bottom-0 left-16 top-8 w-2 h-0.5 bg-blue-500\"><\/div><input type=\"text\" name=\"balloon_due_after\" id=\"field-6\" aria-describedby=\"calc-unit-6 calc-info-6\" data-number inputmode=\"decimal\" autocomplete=\"off\" spellcheck=\"false\" min=\"0.25\" max=\"50\" value=\"7\"\/><div class=\"unit\" id=\"calc-unit-6\">yrs<\/div><small id=\"calc-info-6\">When the remaining balance becomes due. 0.25 years = 3 months.<\/small><\/div><div class=\"field\" id=\"input-7\"><label for=\"field-7\">Payment structure<\/label><div class=\"grid grid-cols-1\"><select id=\"field-7\" name=\"payment_structure\"><option value=\"amort\" selected>Fully amortizing payment<\/option><option value=\"interest\">Interest-only<\/option><option value=\"custom\">Fixed monthly payment<\/option><\/select><svg class=\"pointer-events-none col-start-1 row-start-1 mr-2 size-5 self-center justify-self-end text-gray-500 sm:size-4\" viewBox=\"0 0 16 16\" fill=\"currentColor\" aria-hidden=\"true\" data-slot=\"icon\">\n              <path fill-rule=\"evenodd\" d=\"M4.22 6.22a.75.75 0 0 1 1.06 0L8 8.94l2.72-2.72a.75.75 0 1 1 1.06 1.06l-3.25 3.25a.75.75 0 0 1-1.06 0L4.22 7.28a.75.75 0 0 1 0-1.06Z\" clip-rule=\"evenodd\" \/>\n            <\/svg><\/div><\/div><div class=\"field\" id=\"input-8\" hidden><label for=\"field-8\">Fixed monthly payment<\/label><input type=\"text\" name=\"fixed_monthly_payment\" id=\"field-8\" aria-describedby=\"calc-unit-8 calc-info-8\" data-number inputmode=\"decimal\" autocomplete=\"off\" spellcheck=\"false\" min=\"0\" value=\"1800\"\/><div class=\"unit\" id=\"calc-unit-8\">$ \/ mo<\/div><small id=\"calc-info-8\">Your own payment amount instead of the computed one.<\/small><\/div><div class=\"is-single field\" id=\"input-9\" hidden><span class=\"font-semibold\">Target Balloon Mode<\/span><\/div><div class=\"field\" id=\"input-10\" hidden><label for=\"field-10\">Desired balloon amount<\/label><input type=\"text\" name=\"desired_balloon_amount\" id=\"field-10\" aria-describedby=\"calc-unit-10 calc-info-10\" data-number inputmode=\"decimal\" autocomplete=\"off\" spellcheck=\"false\" min=\"0\" value=\"200000\"\/><div class=\"unit\" id=\"calc-unit-10\">$<\/div><small id=\"calc-info-10\">The balance you want left when the balloon comes due; the required payment is solved for it.<\/small><\/div><\/fieldset><div class=\"buttons\"><button type=\"submit\" data-text=\"Re-Calculate\" id=\"calculate-button\" data-post=\"67417\">Calculate<\/button><button type=\"reset\">Reset<\/button><\/div><div class=\"field is-checkbox hidden!\" id=\"field-auto-calc\"><input type=\"checkbox\" id=\"auto-calc\"><label for=\"auto-calc\">Calculate automatically<\/label><small>If enabled, the result will update automatically when you change any value.<\/small><\/div><div class=\"fieldset-result is-hidden\" aria-labelledby=\"result-title\" aria-live=\"polite\" role=\"region\"> <h3 class=\"result-title bg-gradient-to-r from-primary-50 to-gray-50 dark:from-primary-900 dark:to-gray-800\" id=\"result-title\"><span class=\"icon icon-s-pulse\" aria-hidden=\"true\"><\/span> Balloon Loan Results<\/h3><div class=\"result-box\"><div class=\"field-result\" id=\"output-1\"><span class=\"field-title\"><span>Monthly payment<\/span><span class=\"result-term\">P&I<\/span><\/span><span class=\"field-value\" id=\"result-1\" data-unit=\"$\"><\/span><button type=\"button\" class=\"copy-result\" data-tooltip=\"Copy Result\" aria-label=\"Copy Result\"><span class=\"copy-icon icon icon-document-copy\" aria-hidden=\"true\"><\/span><\/button><\/div><div class=\"field-result\" id=\"output-2\"><span class=\"field-title\"><span>Balloon payment<\/span><\/span><span class=\"field-value\" id=\"result-2\" data-unit=\"$\"><\/span><button type=\"button\" class=\"copy-result\" data-tooltip=\"Copy Result\" aria-label=\"Copy Result\"><span class=\"copy-icon icon icon-document-copy\" aria-hidden=\"true\"><\/span><\/button><\/div><div class=\"field-result\" id=\"output-3\"><span class=\"field-title\"><span>Total interest until the balloon<\/span><\/span><span class=\"field-value\" id=\"result-3\" data-unit=\"$\"><\/span><button type=\"button\" class=\"copy-result\" data-tooltip=\"Copy Result\" aria-label=\"Copy Result\"><span class=\"copy-icon icon icon-document-copy\" aria-hidden=\"true\"><\/span><\/button><\/div><div class=\"field-result\" id=\"output-4\"><span class=\"field-title\"><span>Total paid (payments + balloon)<\/span><\/span><span class=\"field-value\" id=\"result-4\" data-unit=\"$\"><\/span><button type=\"button\" class=\"copy-result\" data-tooltip=\"Copy Result\" aria-label=\"Copy Result\"><span class=\"copy-icon icon icon-document-copy\" aria-hidden=\"true\"><\/span><\/button><\/div><div class=\"field-result is-column\" id=\"output-5\"><span class=\"field-title\"><span>Payment and Balloon Summary<\/span><\/span><span class=\"field-value\" id=\"result-5\"><\/span><button type=\"button\" class=\"copy-result\" data-tooltip=\"Copy Result\" aria-label=\"Copy Result\"><span class=\"copy-icon icon icon-document-copy\" aria-hidden=\"true\"><\/span><\/button><\/div><div class=\"field-result is-column\" id=\"output-6\"><span class=\"field-title\"><span>Schedule to the Balloon Date<\/span><\/span><span class=\"field-value\" id=\"result-6\"><\/span><button type=\"button\" class=\"copy-result\" data-tooltip=\"Copy Result\" aria-label=\"Copy Result\"><span class=\"copy-icon icon icon-document-copy\" aria-hidden=\"true\"><\/span><\/button><\/div><\/div><div class=\"result-actions\"><button type=\"button\" class=\"copy-link\"><svg viewBox=\"0 0 20 20\" fill=\"currentColor\" aria-hidden=\"true\"><path d=\"M12.232 4.232a2.5 2.5 0 0 1 3.536 3.536l-1.225 1.224a.75.75 0 0 0 1.061 1.06l1.224-1.224a4 4 0 0 0-5.656-5.656l-3 3a4 4 0 0 0 .225 5.865.75.75 0 0 0 .977-1.138 2.5 2.5 0 0 1-.142-3.667l3-3Z\"\/><path d=\"M11.603 7.963a.75.75 0 0 0-.977 1.138 2.5 2.5 0 0 1 .142 3.667l-3 3a2.5 2.5 0 0 1-3.536-3.536l1.225-1.224a.75.75 0 0 0-1.061-1.06l-1.224 1.224a4 4 0 1 0 5.656 5.656l3-3a4 4 0 0 0-.225-5.865Z\"\/><\/svg><span class=\"copy-link__text\">Copy link to this calculation<\/span><\/button><span class=\"sr-only\" role=\"status\" id=\"copy-link-status\"><\/span><\/div><\/div><a href=\"#respond\" class=\"hidden transition-opacity duration-300 opacity-0 w-50 text-sm justify-center items-center gap-2 px-4 py-2 rounded bg-gray-200 text-gray-700 hover:bg-gray-300\" id=\"leave-comment\"><span class=\"icon icon-comments\" aria-hidden=\"true\"><\/span>Leave a Comment<\/a><\/form><\/section><section id=\"calc-reactions\" class=\"not-prose hidden my-12 bg-gradient-to-r from-primary-50 to-gray-50 border border-indigo-100 rounded-xl px-6 py-4 shadow-sm\" data-post=\"67417\" aria-live=\"polite\" aria-labelledby=\"calc-reactions-title\"><p id=\"calc-reactions-title\" class=\"text-sm text-gray-500 text-center mb-2\">How did this result make you feel?<\/p><div role=\"group\" aria-labelledby=\"calc-reactions-title\" class=\"grid grid-cols-3 sm:flex sm:flex-row sm:justify-around gap-4 sm:items-center sm:flex-wrap\"><button type=\"button\" aria-pressed=\"false\" class=\"reaction-btn flex flex-col items-center gap-1 text-sm text-gray-700 hover:text-primary-600 cursor-pointer transition-transform hover:scale-105\" data-reaction=\"like\"><span class=\"reaction-count\" data-reaction-count=\"like\">0<\/span><span class=\"reaction text-3xl\" aria-hidden=\"true\">\ud83d\ude00 <\/span><span class=\"reaction-description font-medium\">Like <\/span><\/button><button type=\"button\" aria-pressed=\"false\" class=\"reaction-btn flex flex-col items-center gap-1 text-sm text-gray-700 hover:text-primary-600 cursor-pointer transition-transform hover:scale-105\" data-reaction=\"helpful\"><span class=\"reaction-count\" data-reaction-count=\"helpful\">0<\/span><span class=\"reaction text-3xl\" aria-hidden=\"true\">\ud83d\udca1 <\/span><span class=\"reaction-description font-medium\">Helpful <\/span><\/button><button type=\"button\" aria-pressed=\"false\" class=\"reaction-btn flex flex-col items-center gap-1 text-sm text-gray-700 hover:text-primary-600 cursor-pointer transition-transform hover:scale-105\" data-reaction=\"confused\"><span class=\"reaction-count\" data-reaction-count=\"confused\">0<\/span><span class=\"reaction text-3xl\" aria-hidden=\"true\">\ud83d\ude15 <\/span><span class=\"reaction-description font-medium\">Confused <\/span><\/button><button type=\"button\" aria-pressed=\"false\" class=\"reaction-btn flex flex-col items-center gap-1 text-sm text-gray-700 hover:text-primary-600 cursor-pointer transition-transform hover:scale-105\" data-reaction=\"disappointed\"><span class=\"reaction-count\" data-reaction-count=\"disappointed\">0<\/span><span class=\"reaction text-3xl\" aria-hidden=\"true\">\ud83d\ude1e <\/span><span class=\"reaction-description font-medium\">Disappointed <\/span><\/button><button type=\"button\" aria-pressed=\"false\" class=\"reaction-btn flex flex-col items-center gap-1 text-sm text-gray-700 hover:text-primary-600 cursor-pointer transition-transform hover:scale-105\" data-reaction=\"inaccurate\"><span class=\"reaction-count\" data-reaction-count=\"inaccurate\">0<\/span><span class=\"reaction text-3xl\" aria-hidden=\"true\">\u274c <\/span><span class=\"reaction-description font-medium\">Inaccurate <\/span><\/button><\/div><div id=\"reaction-message\" class=\"hidden mt-8 rounded-md border border-primary-100 bg-white\/50 backdrop-blur-sm px-4 py-2 text-sm text-center shadow-sm\"><\/div><\/section><div class=\"calcdash-ad not-prose calcdash-ad--calc_result calcdash-ad--in-article\"><ins class=\"adsbygoogle\" style=\"display:block\" data-ad-client=\"ca-pub-1721569815777345\" data-ad-slot=\"6317458308\" data-ad-layout=\"in-article\" data-ad-format=\"fluid\"><\/ins><script>(adsbygoogle = window.adsbygoogle || []).push({});<\/script><\/div>\n<style id=\"wpcoderpro-inline-1\">.formula-box {\r\n\tborder-bottom: none !important;\r\n}<\/style><section class=\"formula-box\" aria-labelledby=\"formula-title\">\r\n\t<div id=\"formula-title\" class=\"not-prose font-display mb-4\"><span class=\"icon icon-formula\" aria-hidden=\"true\"><\/span><h2>Balloon Loan Formula<\/h2><\/div>\r\n\t<figure class=\"not-prose formula\">\r\n\t\t<figcaption class=\"formula-title\">Formula<\/figcaption>\r\n\t\t<div class=\"text-base text-gray-800\" id=\"formula\">\n\\[ pmt = P \\cdot \\frac{r(1+r)^{N}}{(1+r)^{N}-1} \\\\[6pt] B = P(1+r)^{n} - pmt \\cdot \\frac{(1+r)^{n}-1}{r} \\]\n<\/div>\r\n\t<\/figure>\r\n\t<\/p>\n<p><strong>Where:<\/strong><\/p>\n<ul>\n<li>\\(P\\) \u2014 loan amount (the principal borrowed)<\/li>\n<li>\\(r\\) \u2014 monthly interest rate: APR \u00f7 12<\/li>\n<li>\\(N\\) \u2014 amortization period in months (30 years = 360)<\/li>\n<li>\\(n\\) \u2014 number of monthly payments until the balloon comes due (7 years = 84)<\/li>\n<li>\\(pmt\\) \u2014 monthly principal-and-interest payment<\/li>\n<li>\\(B\\) \u2014 balloon payment: the balance still owed at month \\(n\\)\\)<\/li>\n<\/ul>\n<p>The first formula is the standard amortizing payment computed as if the loan ran the full \\(N\\) months. The second formula rolls the principal forward with compound interest for \\(n\\) months, subtracts the payments you made together with the interest they earned, and whatever is left is the balloon due at the end. For interest-only loans, \\(pmt = P \\cdot r\\) and the balloon equals the original loan amount.<\/p>\n<p>\r\n<\/section>\n<style id=\"wpcoderpro-inline-459\">.calculation-box {\r\n\tborder-bottom: none !important;\r\n}<\/style><section id=\"calculation\" class=\"calculation-box\" aria-labelledby=\"calculation-title\">\r\n\t<div id=\"calculation-title\" class=\"not-prose font-display\"><span class=\"icon icon-unordered-list\" aria-hidden=\"true\"><\/span><h2>Balloon Loan \u2013 Calculation Example<\/h2><\/div>\r\n\r\n<\/p>\n<p><strong>Example:<\/strong> a $300,000 balloon loan at 6.5% APR, with payments amortized over 30 years (360 months) and the balloon due after 7 years (84 months).<\/p>\n<p>\\[ r = \\frac{0.065}{12} = 0.0054167 \\]<\/p>\n<p>\\[ pmt = 300000 \\cdot \\frac{0.0054167(1.0054167)^{360}}{(1.0054167)^{360}-1} \\approx 1896.20 \\]<\/p>\n<p>\\[ B = 300000(1.0054167)^{84} - 1896.20 \\cdot \\frac{(1.0054167)^{84}-1}{0.0054167} \\approx 271249 \\]<\/p>\n<p><strong>Result:<\/strong> a monthly payment of about $1,896.20 and a balloon payment of about $271,249 due after the 84th monthly payment \u2014 roughly 90% of the original loan. Total interest accrued to that point is about $130,530, and total cash including the balloon is about $430,530. You can reproduce all of these figures with the calculator's default values.<\/p>\n<p>\n\r\n<\/section>\n<h2>How to use the calculator<\/h2>\n<ol>\n<li>Pick a <strong>Mode<\/strong>: \"Calculate payment and balloon\" computes both from your loan terms; \"Find payment for a target balloon\" works backwards from the balloon amount you want.<\/li>\n<li>Enter the <strong>Loan amount<\/strong> (the principal) and the <strong>Interest rate (APR)<\/strong>.<\/li>\n<li>Fill in the <strong>Amortization period<\/strong> \u2014 the payment is calculated as if the loan fully paid off over this span (a 30\/15 structure uses 30) \u2014 and the <strong>Balloon due after<\/strong> term in years; 0.25 years means 3 months.<\/li>\n<li>Choose a <strong>Payment structure<\/strong>: fully amortizing, interest-only, or a fixed monthly payment of your own. If you pick \"Fixed monthly payment\", enter the amount in the field that appears.<\/li>\n<li>In reverse mode, enter your <strong>Desired balloon amount<\/strong> and the calculator solves for the monthly payment that leaves exactly that balance.<\/li>\n<li>Read the <strong>Monthly payment<\/strong>, <strong>Balloon payment<\/strong>, <strong>Total interest until the balloon<\/strong> and <strong>Total paid<\/strong>, plus a year-by-year schedule showing principal and interest paid and the ending balance of each year.<\/li>\n<\/ol>\n<h2>What a balloon loan is \u2014 and how to read the result<\/h2>\n<p>A balloon loan charges small regular payments calculated as if the loan ran for decades, but a large lump sum \u2014 the <em>balloon<\/em> \u2014 comes due much earlier. The classic residential example is a \"30\/15\" mortgage: payments based on a 30-year schedule, with the remaining balance due after 15 years. The structure you just calculated, 30-year payments with a 7-year balloon, works the same way. Balloon terms are also common in commercial mortgages, construction loans and some auto and personal loans.<\/p>\n<p>Borrowers choose balloon loans for the low monthly payment. In the example above, about 86% of each early payment is pure interest, leaving the balloon at roughly 90% of the original principal. That is normal: in the first years of a long amortization almost nothing goes to principal, so the balance barely moves. If cash flow is tight today but you expect to sell the property, refinance, or have higher income later, the trade-off can be worth it.<\/p>\n<p>The risk is concentrated in the balloon itself. When it comes due you must pay it in cash, refinance the remaining balance, or sell the asset \u2014 and none of those options is guaranteed to be available on the day, at a rate you like, or at a price you need. A larger balloon relative to the loan amount means more of the risk is deferred, not reduced.<\/p>\n<p>Interpreting the schedule: each row shows how much of each year's payments actually reduced the balance. If the payment is set below the monthly interest (easy to do with the \"Fixed monthly payment\" option), the balance <em>grows<\/em> every month \u2014 negative amortization \u2014 and the calculator warns you. Interest-only payments keep the balance flat, so the balloon always equals the original loan amount. If your payment is large enough that the loan pays off before the balloon date, the schedule will say so \u2014 no balloon remains.<\/p>\n<h2>Assumptions, limitations and practical tips<\/h2>\n<ul>\n<li><strong>Monthly compounding<\/strong> at the entered APR, one payment per month on the same day, no extra payments, no fees. Taxes, insurance and closing costs are excluded, so a real mortgage payment will be higher than the P&amp;I shown here.<\/li>\n<li><strong>The balloon is quoted as the principal remaining after the last regular payment.<\/strong> Some lenders quote the balloon together with that final scheduled payment or roll it into one payoff figure \u2014 always confirm how your lender defines it.<\/li>\n<li><strong>Plan the exit early.<\/strong> If refinancing is your strategy, start a few months before the balloon date, and check that the payment on a full amortizing loan fits your <a href=\"https:\/\/wpcalc.com\/en\/finance\/debt-to-income-ratio-calculator\/\">debt-to-income ratio<\/a> \u2014 lenders will.<\/li>\n<li><strong>Equity is your safety net.<\/strong> The difference between the property's value and the balloon determines whether refinancing is even possible; a <a href=\"https:\/\/wpcalc.com\/en\/finance\/home-equity-calculator\/\">home equity calculation<\/a> shows where you stand, and remember that refinancing brings <a href=\"https:\/\/wpcalc.com\/en\/finance\/closing-cost-calculator\/\">closing costs<\/a> again.<\/li>\n<li><strong>Shrink the balloon deliberately.<\/strong> Extra principal payments compound in your favor over the balloon term. Model them with the <a href=\"https:\/\/wpcalc.com\/en\/finance\/mortgage-payoff-calculator-with-extra-payments\/\">mortgage payoff calculator<\/a> to see how much a modest extra amount each month removes from the balloon.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Calculates the monthly payment and the lump-sum balloon payment due at the end of a balloon loan. Enter the loan amount, rate, amortization period and balloon term \u2014 or solve backwards for the payment needed to hit a balloon amount you choose.<\/p>\n","protected":false},"author":3168,"featured_media":0,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5],"tags":[30],"class_list":["post-67417","post","type-post","status-publish","format-standard","hentry","category-finance","tag-mortgage"],"acf":[],"_links":{"self":[{"href":"https:\/\/wpcalc.com\/en\/wp-json\/wp\/v2\/posts\/67417","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wpcalc.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wpcalc.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wpcalc.com\/en\/wp-json\/wp\/v2\/users\/3168"}],"replies":[{"embeddable":true,"href":"https:\/\/wpcalc.com\/en\/wp-json\/wp\/v2\/comments?post=67417"}],"version-history":[{"count":1,"href":"https:\/\/wpcalc.com\/en\/wp-json\/wp\/v2\/posts\/67417\/revisions"}],"predecessor-version":[{"id":67418,"href":"https:\/\/wpcalc.com\/en\/wp-json\/wp\/v2\/posts\/67417\/revisions\/67418"}],"wp:attachment":[{"href":"https:\/\/wpcalc.com\/en\/wp-json\/wp\/v2\/media?parent=67417"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wpcalc.com\/en\/wp-json\/wp\/v2\/categories?post=67417"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wpcalc.com\/en\/wp-json\/wp\/v2\/tags?post=67417"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}