Kostenloser Balloon Payment Rechner
Berechnen Sie den balloon payment due at the end of your mortgage term. See monthly payments, principal paid, and the remaining balance at balloon date.
Balloon Payment Due
$227,869
Balloon Payment Due vs Amortization Period
Formel
Balloon Mortgages
A balloon mortgage has lower monthly payments based on a long amortization schedule, but the remaining balance comes due in a lump sum (the balloon payment) after a shorter term.
How It Works
1. Payments are calculated as if the loan runs the full amortization period (e.g., 30 years) 2. After the balloon term (e.g., 7 years), the entire remaining balance is due 3. Most borrowers refinance or sell before the balloon date
Balloon Balance Formula
Balance = P x [(1+r)^N - (1+r)^n] / [(1+r)^N - 1]
Where P is the original loan, N is the amortization months, and n is the months paid.
Common Uses
Lösungsbeispiel
A $250,000 loan at 7%, amortized over 30 years, with a 7-year balloon.
- 01Monthly payment (30-year amortization): $1,663.26
- 02Payments made: 84 months x $1,663.26 = $139,714
- 03Balloon balance after 7 years: $228,951
- 04Principal paid: $250,000 - $228,951 = $21,049
- 05Interest paid: $139,714 - $21,049 = $118,665
- 06The $228,951 balloon must be paid, refinanced, or the property sold
Häufig Gestellte Fragen
What happens if I cannot pay the balloon?
If you cannot refinance or sell by the balloon date, you may face foreclosure. Some loans have a conditional refinance option or reset feature. Always have an exit strategy planned well before the balloon date.
Why would anyone choose a balloon mortgage?
Balloon mortgages often carry lower interest rates than comparable fixed-rate loans. They make sense for short-term holds, properties being renovated for resale, or commercial properties where refinancing is part of the business plan.
How is a balloon different from an ARM?
A balloon mortgage has a lump-sum payoff due at a specific date. An ARM adjusts the interest rate periodically but continues with regular payments. A balloon forces refinancing; an ARM just changes your rate and payment.