See your monthly principal and interest, understand the remaining balance, and plan for a balloon payment.
Calculate your loan ↓Free planning worksheet. No account or application required.Choose a fully amortizing loan or a balloon structure. Enter the loan amount and fixed interest rate; adjust the starting term to match your note.
Illustrative example only. Sample inputs are not a rate offer or quote for your transaction.
Amounts include the balloon when due. Yearly totals use loan years, not tax-calendar years.
This worksheet’s conventional mode is a fully amortizing fixed-rate loan. The payment is calculated to repay principal and interest over the entered term, starting at 30 years. It does not determine eligibility for a conventional mortgage program.
A 30-year amortization with a 5-year balloon uses a longer period to size the monthly payment. The unpaid balance comes due much sooner. The result shows that balance separately from the last scheduled installment.
A payment schedule does not replace the promissory note, mortgage, disclosure or closing documents. SJLG’s real estate team can assist with transaction documents and discuss issues requiring legal review.
Plan for the balloon. Refinancing or selling later is not guaranteed. Confirm how the balance will be paid when the note matures.
Christina Guyette and Katie Lemelin work with the firm's attorneys to coordinate real estate closings, title and transaction documentation.
Title, escrow and closing coordination for residential, commercial and investment transactions.
Closing coordination, deeds, transaction documents and real estate closing support.
No. This is principal and interest only. Property taxes, insurance, mortgage insurance, escrow, fees and closing costs are outside this schedule. Use the closing-cost calculator for a separate transaction estimate.
The displayed balloon balance is what remains after the scheduled installment and any entered extra principal at maturity. “Total due at maturity” combines that installment with the balloon. The actual note may use a different convention.
Yes. Enter another whole number and select years or months. The amortization period supports up to 600 months. Balloon maturity must not exceed that period.
The model applies the extra amount directly to principal each month. For a conventional loan it can shorten repayment; for a balloon loan it can reduce the remaining balance. It does not calculate prepayment penalties or enforce a lender’s rules.
No. The schedule uses monthly interest at the entered annual rate divided by 12. Daily interest, irregular first periods, fees, late payments, servicing adjustments and the signed note’s terms can produce different figures.
Discuss your transaction with St. Johns Law Group’s closing team. A calculator output does not establish an attorney-client relationship.
Call (904) 495-0400104 Sea Grove Main Street · St. Augustine, Florida 32080
