Calculation Summary
Calculated Regular Payment Amount (if applicable): $0.00
Total Number of Regular Payments Made: 0
Total Principal Paid (through regular payments): $0.00
Total Interest Paid (through regular payments): $0.00
Balloon Payment Due at End of Term: $0.00
Total Amount Paid (All Regular Payments + Balloon): $0.00
Total Interest Paid Over Life of Loan: $0.00
A balloon payment is a large, lump-sum principal payment due at the end of a loan term that did not fully amortize. If you cannot make this payment, you may need to sell the asset, refinance the loan (potentially at different rates/terms), or risk default. Ensure you have a clear plan for addressing the balloon payment well before it is due.
