Financial Calculators

Email page Print page

How much will my payments be for a balloon mortgage?

The term of a balloon mortgage is usually short (e.g., 5 years), but the payment amount is amortized over a longer term (e.g., 30 years). An advantage of these loans is that they often have a lower interest rate, but the final balloon payment is substantial. This calculator computes the payment amount necessary for a mortgage with a balloon payment, using monthly interest compounding and monthly payments.

All fields are required.



Calculator Results

Your monthly payment amount will be $1,524.56.

Your balloon payment amount will be $230,136.28.

Financial Details

Home price

$350,000.00

Down payment amount

20.000 %

Total amount financed

$280,000.00

Payment amount

$1,524.56

Balloon payment

$230,136.28

Total payments

$181,422.64

Interest rate

5.125 %

Total interest

$131,558.92

Calculator disclaimer

The information provided by these calculators is intended for illustrative purposes only and is not intended to purport actual user-defined parameters. The default figures shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a financial professional prior to relying on the results.

Presented by TimeValue Software ©2025

Connect with Oostburg State Bank today

For your protection, do not email your Account Number(s), Social Security Number or any other sensitive data.

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

* Indicates required field

You are about to leave OostburgState.Bank

You have clicked on an external link that we have provided to you for a reference or resource. Although we provide these links for your benefit to learn more about specific information, we recommend that you review the privacy and security policy of other websites, as their policies may differ from our policies. We are not responsible for, endorse, guarantee or monitor the content on other websites.

You can return to the page on OostburgState.Bank that you were just viewing by clicking "Cancel", or you can click "Continue" and be taken to the external website page you requested. Thank you.