Balloon Payment Calculator
Your regular payment, and the balance due on the balloon date.
Your numbers
Change to match your situation.
Rates come from your lender, so enter the rate from your quote.
More options
Add a date to see your payoff date and dates on your schedule.
Add your interest rate to see your payment.
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How to use this calculator
- Enter the loan amount you are working with.
- Type the rate from your lender's quote, or open Try a range of rates to test two numbers.
- Set the loan length. This is the amortization, the number of years the payments are figured over.
- Choose when the balloon is due. It has to land before the last year of the amortization.
- Read the balloon balance under the results, and use the schedule to see the balance at every payment up to that date.
How the math works
A balloon loan's regular payment is figured over the full loan length, but the loan ends early and the remaining balance is due in one payment. The payment is figured as if the loan will run the full amortization, so it is the same level payment any long loan would have. But the loan actually ends early, on the balloon date, and whatever balance is left is due in one payment.
To find that balance, the calculator walks the schedule forward. Each period it charges interest on the balance, applies the rest of the payment to principal, and carries the new balance forward. The balance sitting there on the balloon date is the balloon.
There is a formula that gets to the same place in one step. The balance after a number of payments equals the loan amount grown at the periodic rate, minus the payment grown the same way and divided by the periodic rate. Both routes give the same number.
Because the loan stops on the balloon date, so do the totals on this page. The total paid is every regular payment made up to that point, plus the balloon itself. The interest figure is the interest charged over those same years, not over the full amortization.
A worked example
Say the loan is $1,500,000, figured over 20 years, paid once a year. The balloon comes due after 7 years.
You make seven regular payments, and at the end of year seven the remaining balance is due in one piece. Add your rate to see both numbers.
Add a rate above to see this example worked out
Good to know
The balloon balance is usually large, because the payments are figured over the full loan length you choose, and the years before the balloon date take only a modest bite out of the principal. Seeing the number early gives you time to plan for it.
Borrowers generally handle a balloon in one of three ways: pay it from cash or a land sale, refinance the balance into a new loan, or work out new terms with the lender. Each of those takes lead time, so it helps to know the date and the amount well in advance.
The rate and terms on any future loan are not knowable today. This calculator does not guess at them. It shows you the balance that will be sitting there, so you can plan around a real number.
Extra principal changes the picture. Anything you put against the balance before the balloon date lowers the balloon itself. If that interests you, the Land Loan Calculator has an extra principal field you can test.
Taxes, insurance and upkeep sit outside these figures, and your lender's documents govern the actual balloon date, any notice requirements and any prepayment terms.
Common questions about balloon payments
What is a balloon payment?
A balloon payment is one larger final payment of the remaining loan balance, due on a set date before the regular payments would have paid the loan off. Because the regular payments are figured over a longer schedule, a sizable balance is still owed when the balloon comes due.
How does a balloon payment work?
You make regular payments figured over a long schedule, but the loan comes due sooner. On the due date, the remaining balance is paid in one amount. This calculator shows the regular payment and the balloon amount for your numbers.
How do you calculate a balloon payment?
Balloon = loan amount × (1 + r)^k − payment × ((1 + r)^k − 1) ÷ r, where r is the rate per period and k is the number of payments made before the due date. The calculator does this for you and shows every payment up to the balloon date.
What is a balloon payment in real estate?
In real estate, including farmland and ranch land, a balloon loan has regular payments followed by a large remaining balance due on a set date. Borrowers usually plan to pay it, refinance it or set new terms with the lender before that date.
How do you get rid of a balloon payment?
You can pay it from savings or a sale, refinance the balance into a new loan before it comes due, or ask the lender about new terms. Extra principal payments before the due date also shrink the balloon. Check your loan documents for what applies to you.
What is a 5-year balloon?
It means the remaining balance is due after 5 years of payments. Set "Balloon due after" to 5 years to see what would be owed on your loan.
Do the totals here cover the whole amortization?
No. Everything on this page stops at the balloon date, which is when the loan actually ends.
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Reviewed September 2026 by the AgLoans.com team
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