Balloon Loan Calculator
Calculate payments for a balloon loan with a large lump-sum payment due at the end of the term.
Your Monthly EMI
₹4,528
Principal
₹3,00,000
Total Interest
₹80,336
Total Payable
₹3,80,336
Breakdown
Principal: ₹3,00,000 (79%)
Total Interest: ₹80,336 (21%)
Interest-to-Principal: 26.8%
📊 Interactive EMI Breakdown
Principal vs Interest
Principal: ₹3.00 L
Interest: ₹80,336
Year-by-Year Payment Split
Loan Scenario Comparison
| Metric | Your plan | +1% Interest (8.0%) | +12 Months (96mo) |
|---|---|---|---|
| Monthly EMI | ₹4,528 | ₹4,676 ↑ ₹148 | ₹4,090 ↓ ₹438 |
| Total Interest | ₹80,336 | ₹92,773 ↑ ₹12,437 | ₹92,651 ↑ ₹12,315 |
| Total Payable | ₹3,80,336 | ₹3,92,773 | ₹3,92,651 |
How Balloon Loans Work
A balloon loan has lower monthly payments because it's amortized over a longer period than the actual loan term. At the end of the term, the remaining balance (the "balloon") is due in one lump sum.
Example: A $300K loan with 7-year term amortized over 30 years gives you the payment of a 30-year mortgage, but after 7 years you owe the remaining ~$265K as a balloon payment.
Risk factor: Balloon loans assume you'll refinance or sell before the balloon is due. If property values drop or your credit deteriorates, you may not qualify for refinancing — leaving you with a massive payment you can't cover.