#### 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**.

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.