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Balloon Payment Calculator

Calculate the monthly payments for a balloon mortgage loan. Enter your sale price, any down payment you're making, the interest rate, the length of balloon payments, and the amortized length used to calculate the monthly payment. This calculator will then show you the monthly principal and interest payment, the final balloon payment amount, the total amount of interest you will pay and the total amount of money you will spend over the life of the loan. You can also enter the points and other closing costs and roll those into your loan. You can even enter an additional payment amount you intend to pay each month to work down your principal to reduce the final balloon payment amount. You can display and/or print the amortization schedule for your loan.

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Popup

Copy this text to popup the calculator in its own window. It is important to use your Account Number instead of 1 as shown in this example.

view
<script language="JavaScript" type="text/javascript">
<!--

//Balloon Payment
function MortgageBalloonPayment()
{
  window.open('http://www.webcalcsolutions.com/Mortgage-Calculators/Mortgage-Balloon-Payment.asp?AcctNum=1', '_blank', 'width=510,height=695,directories=0,location=0,menubar=0,resizable=1,scrollbars=1,status=0,toolbar=0');
}

-->
</script>
<i>Payment Calculators</i><br>
<a href="javascript:MortgageBalloonPayment();">Balloon Payment</a><br>
<br>
<a href='http://www.webcalcsolutions.com/' style='font-size: 8pt;'>Online Calculators - Financial Calculators, Health Calculators, and Health Assessments from WebCalcSolutions.com</a><br>


Embedded

Copy this text to embed the calculator in your webpage.It is important to use your Account Number instead of 1 as shown in this example.

view
<iframe src="http://www.webcalcsolutions.com/Mortgage-Calculators/Mortgage-Balloon-Payment.asp?AcctNum=1" width="510" height="695" frameborder="0" scrolling="auto"><a href="http://www.webcalcsolutions.com/Mortgage-Calculators/Catalog.asp" target="_blank">Balloon Payment Calculator</a></iframe>
<br>
<a href='http://www.webcalcsolutions.com/' style='font-size: 8pt;'>Online Calculators - Financial Calculators, Health Calculators, and Health Assessments from WebCalcSolutions.com</a><br>


Customizable Field Values

You can customize the following field values for this calculator. When the calculator runs it will have the values you set for these fields. It is important to use your Account Number instead of 1 as shown in this example.

Balloon Payment    view
Balloon Payment Calculator's
Customizable Fields
Screen Name Parm Name Parm Value Used in this Example
Title Title Mr. & Mrs. O'Riley
Lender Lender AAA Money Lenders
Sale Price SalePrice 160,000.00
Down Payment DownPmt 8,000.00
Interest Rate IntRate 6.25
Length of Balloon Period BalloonLen 120
Years/Months (drop-down) BalloonPrd Months
Length of Amortized Interest Length 360
Years/Months (drop-down) LengthPrd Months
Additional Principal AddPrin 100.00
Points Points 1.0
Points Roll into Loan (checkbox) RollPoints True
Other Closing Costs ClosingCosts 3,500.00
Other Closing Costs Roll into Loan (checkbox) RollClosing True

View Customized Calculator
<script language="JavaScript" type="text/javascript">
<!--
//Balloon Payment
function MortgageBalloonPayment()
{
  window.open('http://www.webcalcsolutions.com/Mortgage-Calculators/Mortgage-Balloon-Payment.asp?AcctNum=1&' +
    'Title=Mr. %26 Mrs. O%27Riley&Lender=AAA Money Lenders&SalePrice=160,000.00&' +
    'DownPmt=8,000.00&IntRate=6.25&BalloonLen=120&BalloonPrd=Months&Length=360&' +
    'LengthPrd=Months&AddPrin=100.00&Points=1.0&RollPoints=True&' +
    'ClosingCosts=3,500.00&RollClosing=True',
    '_blank',
    'width=510,height=695,directories=0,location=0,menubar=0,resizable=1,scrollbars=1,status=0,toolbar=0');
}

-->
</script>
<a href="javascript:MortgageBalloonPayment();">Balloon Payment</a><br>
<br>
<a href='http://www.webcalcsolutions.com/' style='font-size: 8pt;'>Online Calculators - Financial Calculators, Health Calculators, and Health Assessments from WebCalcSolutions.com</a><br>

Our examples have special characters (& or ') that must be encoded to be interpreted properly by the browser. If the customized text you want to use has any of these characters (&, ' [apostrophe or single-quote], #, ?, ", \ or %) we have provided this Encode tool so you can see how to type it into your script. Enter your customized text then select 'Encode'. The encoded text will show up in the lower box and can be copied and pasted directly into your script.



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