Printable Balloon Mortgage Amortization Table and Calculator
Use the tool below to generate a printable amortization schedule for a balloon mortgage. Simply enter the principal (amount borrowed), the length of the loan in months (number of years times 12), the length of the amortization period in months, the interest rate as a decimal (percent divided by 100), and then hit the "Create Table" button. A new window will appear with a printable amortization table showing your monthly payments and balloon payment.
Luke takes out a balloon mortgage $70,000 at an annual rate of 7.05%. The lending period is 10 years and the amortization period is 20 years.
To use the amortization calculator above, Luke enters 70000 for the principal, 120 for the lending term, 240 for the amortization period, and 0.0705 for the interest rate. (Note, 7.05% = 7.05/100 = 0.0705.)
After hitting the "Create Table" button, the full amortization table will appear in a separate window which you can easily print. The table displays the monthly payment, each month's portion of principal and interest, as well as the final balloon payment.
© Had2Know 2010