Balloon Mortgage Calculator - Calculate Now
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Balloon Mortgage Calculator

Balloon Mortgage Calculator will help you determine monthly mortgage payments on a balloon loan.
      
Loan Amount $
Baloon Loan Type
Initial Interest Rate %
 

 
 
 

For a given loan amount, interest rate and type of balloon loan, this calculator calculates the total loan payment for the first period of the loan, the loan balance at expiration of such period and the total interest paid on the loan during the initial period.

Because the amount of loan principal becomes due at the end of the first loan period, it is important to know the outstanding loan balance at that time. This calculator provides that information together with an estimation of monthly mortgage payments under different interest rate scenarios during the second loan period.

Typically, if your loan-to-value (LTV) is more than 80%, the lenders will require that you obtain private mortgage insurance (PMI), however this calculator does not account for PMI. The reason is that today many lenders offer alternatives programs like 80:10:10 or 80:20 which do not require you to pay PMI.

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