Amortization With Balloon Payment Calculator

Calculate your balloon payments and determine if this is the best type of loan for you.



A balloon loan, sometimes referred to as a balloon note, is a note that has a term that is shorter than its amortization. In other words, the loan payment will be amortized, or calculated, for a certain amount of years but the loan will be paid off before all payments calculated are made, thus leaving a balance due.





To calculate the amount that goes toward principal for a specific payment, use the PPMT function. To see an example of this, please refer to Figure 3.2. This worksheet presents an amortization.


