#### Balloon Mortgage Calculator

The calculator gives you **three calculation options**: determine the amount of an **annuity** or determine the **amount of the loan** or determine the **amount of the loan** and the **balloon amount**.

- Enter monthly payment

Enter a monthly payment, an interest rate, an estimate of the years after which the balloon is due and a number of years to calculate the monthly payment (years in which the same monthly payments would pay off the loan). The calculator calculates the amount of the**loan**, the**balloon**amount and the amount of**interest**. - Entering the loan amount

Enter the amount of the loan, the interest rate, the number of years after which the balloon falls. You get the calculation of the monthly**annuity**, the**balloon**amount and the amount of**interest**. - Enter the amount of the loan and the balloon amount.

Enter the amount of the loan, the balloon amount, the interest rate and the period for the balloon. You get monthly**annuities**and the amount of**interest**.

When you **press the “CALCULATE” button** you get an **Amortization schedule** and **two charts**. The first one shows the **distribution of the annuity** on interest and the repayment to maturity of the balloon, the other the total of **refunds**, the return of the **balloon** and the total of the **interest**.

Oh. So one isn’t stuck with it for the life of the loan. This is quite nice because I really love a plan where I can ask my lender to cancel it once I’ve paid down the loan balance to 80% loan-to-value or less. I’m taking this.

With this calculator, we can figure out when this will be. I hope it’s beneficial to you.

Trust me, a balloon mortgage can be quite risky. If you know that you can’t pay the final payment towards the end, I’ll suggest you stay away from this plan. I have lots of clients coming in to complain about the inability to pay up and fear of losing their houses. If you are taking it, I’ll suggest you have a good plan that would back you up during that period.

I totally agree. It’s hard to know for 5 years in advance. Better be careful. Thanks.

The right type of mortgage can save you a lot of money and trouble no doubt. Every type of loan has different advantages and that is why I always weigh the pros and cons of any mortgage before taking it just so you don’t have regrets later.

A balloon mortgage obliges us to pay off the loan after a few years, which can be too great a burden. Thanks.

The right type of mortgage can save you a lot of money and trouble no doubt. Every type of loan has different advantages and that is why I always weigh the pros and cons of any mortgage before taking it just so you don’t have regrets later.

Especially this applies to balloon loans.

Thanks for the warning.

This balloon mortgage looks like quite a cheaper alternative to some other types of loans I’ve seen. It actually has lower interest rates and smaller monthly payments than many other mortgage plans. I’ll try research more on the pricing and see if I can go for it.

This method is suitable for the one who intends to sell the home in a few years time.

Ok it seems this balloon mortgage is hard but since its useful when I want to sell my house then I love and would definitely try it. A very good idea.

I hope that Balloon Mortgage Calculator will help you decide.

Thanks for the comment.