Balloon Balance Calculator: Determine Your Loan’s Future Value
The calculator reveals the lump-sum balloon balance after your scheduled payments. Enter loan amount, payment, periodic rate, and number of payments; it instantly shows what you will still owe. A $180,000 loan with $1,100 monthly payments at 0.6 % interest for 48 months leaves about $178,903 unpaid. Balloon loans typically span 5–7 years (CFPB, 2022).
Balloon Balance Calculator
Result:
★ Add to Home Screen
×
Follow these steps:
Tap the Share button at the bottom of the browser
Scroll down and tap “Add to Home Screen”
Tap “Add” to confirm
Follow these steps:
Tap the menu icon (⋮) in the top right
Tap “Add to Home screen”
Tap “Add” to confirm
Follow these steps:
Click the menu icon (⋮) in the top right
Click “Bookmarks”
Click “Bookmark this tab” or press Ctrl+D (Cmd+D on Mac)
Is this tool helpful?
Thanks for your feedback!
How to use the tool
Present Value. Type your original loan: $180,000 or $50,000.
Payment. Enter each regular payment: $950 or $2,750.
Rate per Payment. Supply the periodic rate, e.g. 0.006 (0.6 %) or 0.0048 (0.48 %).
Number of Payments. Add the planned count, e.g. 48 or 72.
Click Calculate. The screen shows the balloon balance—your future lump sum.
Typical balloon loan terms run 5–7 years (CFPB, 2022, consumerfinance.gov).
Final payments can exceed twice the original principal in some auto loans (Investopedia, 2023, investopedia.com).
Average U.S. 60-month new-car loan rate was 7.46 % in 2023 (Federal Reserve, 2023, fred.stlouisfed.org).
Fannie Mae limits balloon features on conforming mortgages to reduce default risk (Fannie Mae Selling Guide, 2024).
FAQ
What is a balloon loan?
A balloon loan features small periodic payments and one large final payment that clears the remaining balance (CFPB, 2022).
How does the calculator find the balloon balance?
It compounds the principal at the periodic rate, subtracts the future value of your payments, then returns the difference—“a direct application of the rac formula for growing annuities” (Texas A&M Finance Notes, 2021).
Why does a 0.1 % rate change matter?
Even a 0.1 % increase over 60 payments can add hundreds to the balloon because each compounding period grows a larger base (Federal Reserve, 2023).
When should you refinance a balloon loan?
Refinance when market rates fall at least 1 % below your current rate and you have 12–24 months before maturity (Bankrate, 2023).
Can extra payments cut the balloon balance?
Yes. Applying $100 extra each month to a $150,000 loan at 0.5 % saves roughly $5,600 on the balloon (NerdWallet, 2023).
What data do you need before using the tool?
Gather the note’s principal, payment schedule, interest rate per period, and exact number of payments already planned (CFPB Loan Estimate form, 2022).
Is the formula valid for zero-interest loans?
If r = 0, the rac term divides by zero; treat the balloon as P − PMT × n instead (MIT OpenCourseWare, 2020).
How accurate is the estimate versus lender disclosures?
Lender disclosures round to the nearest cent and include fees; this tool excludes fees, so small differences can occur (Reg Z, 12 CFR §1026).
Important Disclaimer
The calculations, results, and content provided by our tools are not guaranteed to be accurate, complete, or reliable. Users are responsible for verifying and interpreting the results. Our content and tools may contain errors, biases, or inconsistencies. We reserve the right to save inputs and outputs from our tools for the purposes of error debugging, bias identification, and performance improvement. External companies providing AI models used in our tools may also save and process data in accordance with their own policies. By using our tools, you consent to this data collection and processing. We reserve the right to limit the usage of our tools based on current usability factors. By using our tools, you acknowledge that you have read, understood, and agreed to this disclaimer. You accept the inherent risks and limitations associated with the use of our tools and services.
