Calculate payments and balloon amount for short-term loans
When balloon payment is due
Payment calculation basis
Payment Summary
Monthly Payment
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Number of Payments
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Total of Monthly Payments
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⚠ Balloon Payment Due
After 5 years, you must pay:
$0
This is the remaining loan balance
Total Cost Analysis
Total Interest Paid
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Total Amount Paid
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💡 Planning Tip
Refinancing Strategy: Most borrowers plan to refinance or sell the property before the balloon payment is due. Make sure you have a clear exit strategy in place.
About Balloon Mortgages: A balloon mortgage features lower monthly payments over a short term (typically 5-7 years), with a large lump sum payment due at the end. Payments are calculated based on a longer amortization period (usually 30 years), but the loan comes due much sooner. Popular with investors who plan to refinance or sell before the balloon payment is due. Interest-only options reduce monthly payments further but mean the entire principal is due at the end.