Balloon Loan Calculator

https://www.vertex42.com/ExcelTemplates/balloon-loan-calculator.html © 2005-2018 Vertex42 LLC

Inputs Assumptions
* Interest compounds monthly
Loan Amount $20,000 * Payments made at end of month
Annual Interest Rate 7.50% * Balloon amount paid on last payment
Amortization Period 36 months
Number of Payments 12 months
Begin Date 11/12/2015
Interest Only No 0

[42]
Summary

Monthly Payment $ 622.12

Balloon Payment, no rounding $ 14,447.29
Balloon Payment $ 14,447.28

Total Payments $ 21,290.60

Total Interest Paid $ 1,290.60

Amortization Schedule {42}

Month Date Payment Interest Principal Balance

11/12/2015 - - - $ 20,000.00
1 12/12/2015 622.12 125.00 497.12 19,502.88
2 1/12/2016 622.12 121.89 500.23 19,002.65
3 2/12/2016 622.12 118.77 503.35 18,499.30
4 3/12/2016 622.12 115.62 506.50 17,992.80
5 4/12/2016 622.12 112.46 509.66 17,483.14
6 5/12/2016 622.12 109.27 512.85 16,970.29
7 6/12/2016 622.12 106.06 516.06 16,454.23
8 7/12/2016 622.12 102.84 519.28 15,934.95
9 8/12/2016 622.12 99.59 522.53 15,412.42
10 9/12/2016 622.12 96.33 525.79 14,886.63
11 10/12/2016 622.12 93.04 529.08 14,357.55
12 11/12/2016 14,447.28 89.73 14,357.55 0.00

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HELP
https://www.vertex42.com/ExcelTemplates/balloon-loan-calculator.html © 2005-2018 Vertex42 LLC

Using This Template

Calculate the monthly payments, total interest, and the amount of
the balloon payment for a simple loan using this Excel spreadsheet
template.

The spreadsheet includes an amortization and payment schedule suitable

for car loans, business loans, and mortgage loans.

This spreadsheet can be useful as a mortgage calculator, particularly for

calculating the balloon payment that is made when you sell your house
after a number of years. However, there are many other costs associated
with home buying/selling that the calculator does not take into account,
such as property taxes, escrow payments, mortgage insurance,
homeowner's insurance, closing costs, etc.

Additional Help
The link at the top of this worksheet will take you to the web page on
vertex42.com that talks about this template.

REFERENCES

SEE ALSO Vertex42.com: Debt Reduction Calculator

SEE ALSO Vertex42.com: Money Management Template

TIPS Vertex42.com: Spreadsheet Tips Workbook

Balloon Loan Calculator

By Vertex42.com
https://www.vertex42.com/ExcelTemplates/balloon-loan-calculator.html

© 2005-2018 Vertex42 LLC

This spreadsheet, including all worksheets and associated content is a

copyrighted work under the United States and other copyright laws.

Do not submit copies or modifications of this template to any website or online

template gallery.

Please review the following license agreement to learn how you may or may not
use this template. Thank you.

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Do not delete this worksheet