Loan Payment Calculator with Balloon Payment

This calculator will compute a loan’s monthly payment amount, and optional balloon payment, based on the principal amount borrowed, the length of the loan and the annual interest rate. Then, once you have computed the monthly payment, click on the “Create Amortization Schedule” button to create a report you can print out.

How much are you looking to borrow?

What is the loan’s annual interest rate?

What is the term of the loan in months?

Date of first payment:

Upfront payment amount (optional)

Loan fees (optional) Add to loan?

Balloon payment at end (optional)

This is the amount of your monthly payment:

Total monthly payments:

Paid upfront:

Balloon payment due at end:

Total of all payments:

Total interest cost:

Effective annual rate: