Calculate Amortization Schedule with Balloon Payment. Instructions: Enter the size of the loan, the annual interest rate, and select the payment interval. Next, enter the number of years the payment is based on, and the number of years or months prior to the balance coming due.
A balloon mortgage requires monthly payments for a period of 5 or 7 years, followed by the remainder of the balance (the balloon payment). The monthly payments for the time period prior to the balloon’s due date are generally calculated according to a 30 year amortization schedule.
To determine what that balloon payment will be, you can download the free Excel template below which calculates the regular monthly payment and balloon payment for a loan period between 1 and 360 months (30 years). The spreadsheet can be used for other types of balloon loan calculations as well.
· The Free Balloon Payment Excel Templateallows you to create a quick and easy loan calculator to compute for your monthly payment, total monthly payments, total interest, total amount paid, and balloon payment due. This loan payment template is compatible for Excel.
Balloon loan payment calculator. Enter your loan amount, interest rate, amortization period, and years until balloon payment, and this loan calculator template computes your monthly payment, total monthly payments, total interest paid, and the final balloon payment due on a balloon loan. This is an accessible template.
· I am looking for an Excel worksheet example of a loan schedule with a balloon payment at the end. My internet search has not found much on the subject; and generally returns results about traditional loan payment schedules. I want to create a worksheet rather than use a loan calculator found on the web as well. This request related to new automobile financing incentive plans revolving.
A balloon loan or balloon mortgage payment is a payment in which you plan to pay off your auto or mortgage loan in a big chunk after a number of small regular monthly payments. To determine what that balloon payment will be, you can download the free Excel template below which calculates the regular monthly payment and balloon payment for a loan period between 1 and 360 months (30 years).
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This example teaches you how to create a loan amortization schedule in Excel. 1. We use the PMT function to calculate the monthly payment on a loan with an annual interest rate of 5%, a 2-year duration and a present value (amount borrowed) of $20,000. We have named the input cells. 2. Use the PPMT.