Balloon Payment Comparison Calculator
Calculate and compare (formatted side by side) the monthly payments and final balloon payment amount for up to 4 balloon mortgage loans. 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 each loan. You can also enter the points and other closing costs and roll those into your loans. 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.
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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.
<script language="JavaScript" type="text/javascript">
<!--
//Balloon Payment Comparison
function CompareMortgageBalloonPayments()
{
window.open('http://www.webcalcsolutions.com/Mortgage-Calculators/Compare-Mortgage-Balloon-Payments.asp?AcctNum=1', '_blank', 'width=710,height=700,directories=0,location=0,menubar=0,resizable=1,scrollbars=1,status=0,toolbar=0');
}
-->
</script>
<i>Payment Calculators</i><br>
<a href="javascript:CompareMortgageBalloonPayments();">Balloon Payment Comparison</a><br>
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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.
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<iframe src="http://www.webcalcsolutions.com/Mortgage-Calculators/Compare-Mortgage-Balloon-Payments.asp?AcctNum=1" width="710" height="700" frameborder="0" scrolling="auto"><a href="http://www.webcalcsolutions.com/Mortgage-Calculators/Catalog.asp" target="_blank">Balloon Payment Comparison Calculator</a></iframe>
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<a href='http://www.webcalcsolutions.com/' style='font-size: 8pt;'>Online Calculators - Financial Calculators, Health Calculators, and Health Assessments from WebCalcSolutions.com</a><br>
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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 Comparison Calculator's Customizable Fields |
Screen Name |
Parm Name |
Parm Value Used in this Example |
Title |
Title |
Mr. & Mrs. O'Riley |
Lender (column 1) |
Lender |
AAA Money Lenders |
Lender (column 2) |
Lender2 |
BBB Money Lenders |
Lender (column 3) |
Lender3 |
CCC Money Lenders |
Lender (column 4) |
Lender4 |
DDD Money Lenders |
Sale Price (column 1) |
SalePrice |
160,000.00 |
Sale Price (column 2) |
SalePrice2 |
170,000.00 |
Sale Price (column 3) |
SalePrice3 |
180,000.00 |
Sale Price (column 4) |
SalePrice4 |
190,000.00 |
Down Payment (column 1) |
DownPmt |
8,000.00 |
Down Payment (column 2) |
DownPmt2 |
8,500.00 |
Down Payment (column 3) |
DownPmt3 |
9,000.00 |
Down Payment (column 4) |
DownPmt4 |
9,500.00 |
Interest Rate (column 1) |
IntRate |
6.15 |
Interest Rate (column 2) |
IntRate2 |
6.20 |
Interest Rate (column 3) |
IntRate3 |
6.25 |
Interest Rate (column 4) |
IntRate4 |
6.30 |
Length of Balloon Period (column 1) |
BalloonLen |
96 |
Length of Balloon Period (column 2) |
BalloonLen2 |
84 |
Length of Balloon Period (column 3) |
BalloonLen3 |
72 |
Length of Balloon Period (column 4) |
BalloonLen4 |
60 |
Years/Months (drop-down) |
BalloonPrd |
Months |
Length of Amortized Interest (column 1) |
Length |
360 |
Length of Amortized Interest (column 2) |
Length2 |
180 |
Length of Amortized Interest (column 3) |
Length3 |
240 |
Length of Amortized Interest (column 4) |
Length4 |
300 |
Years/Months (drop-down) |
LengthPrd |
Months |
Additional Principal (column 1) |
AddPrin |
50.00 |
Additional Principal (column 2) |
AddPrin2 |
100.00 |
Additional Principal (column 3) |
AddPrin3 |
150.00 |
Additional Principal (column 4) |
AddPrin4 |
200.00 |
Points (column 1) |
Points |
1.0 |
Points (column 2) |
Points2 |
1.25 |
Points (column 3) |
Points3 |
1.5 |
Points (column 4) |
Points4 |
1.75 |
Points Roll into Loan (checkbox) (column 1) |
RollPoints |
True |
Points Roll into Loan (checkbox) (column 2) |
RollPoints2 |
True |
Points Roll into Loan (checkbox) (column 3) |
RollPoints3 |
True |
Points Roll into Loan (checkbox) (column 4) |
RollPoints4 |
True |
Other Closing Costs (column 1) |
ClosingCosts |
3,000.00 |
Other Closing Costs (column 2) |
ClosingCosts2 |
3,250.00 |
Other Closing Costs (column 3) |
ClosingCosts3 |
3,500.00 |
Other Closing Costs (column 4) |
ClosingCosts4 |
3,750.00 |
Other Closing Costs Roll into Loan (checkbox) (column 1) |
RollClosing |
True |
Other Closing Costs Roll into Loan (checkbox) (column 2) |
RollClosing2 |
True |
Other Closing Costs Roll into Loan (checkbox) (column 3) |
RollClosing3 |
True |
Other Closing Costs Roll into Loan (checkbox) (column 4) |
RollClosing4 |
True |
View Customized Calculator
<script language="JavaScript" type="text/javascript">
<!--
//Balloon Payment Comparison
function CompareMortgageBalloonPayments()
{
window.open('http://www.webcalcsolutions.com/Mortgage-Calculators/Compare-Mortgage-Balloon-Payments.asp?AcctNum=1&' + 'Title=Mr. %26 Mrs. O%27Riley&Lender=AAA Money Lenders&Lender2=BBB Money Lenders&' + 'Lender3=CCC Money Lenders&Lender4=DDD Money Lenders&SalePrice=160,000.00&' + 'SalePrice2=170,000.00&SalePrice3=180,000.00&SalePrice4=190,000.00&' + 'DownPmt=8,000.00&DownPmt2=8,500.00&DownPmt3=9,000.00&DownPmt4=9,500.00&' + 'IntRate=6.15&IntRate2=6.20&IntRate3=6.25&IntRate4=6.30&BalloonLen=96&' + 'BalloonLen2=84&BalloonLen3=72&BalloonLen4=60&BalloonPrd=Months&Length=360&' + 'Length2=180&Length3=240&Length4=300&LengthPrd=Months&AddPrin=50.00&' + 'AddPrin2=100.00&AddPrin3=150.00&AddPrin4=200.00&Points=1.0&Points2=1.25&' + 'Points3=1.5&Points4=1.75&RollPoints=True&RollPoints2=True&RollPoints3=True&' + 'RollPoints4=True&ClosingCosts=3,000.00&ClosingCosts2=3,250.00&' + 'ClosingCosts3=3,500.00&ClosingCosts4=3,750.00&RollClosing=True&' + 'RollClosing2=True&RollClosing3=True&RollClosing4=True',
'_blank',
'width=710,height=700,directories=0,location=0,menubar=0,resizable=1,scrollbars=1,status=0,toolbar=0');
}
-->
</script>
<a href="javascript:CompareMortgageBalloonPayments();">Balloon Payment Comparison</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>
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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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