Balloon Payment Loan Calculator

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Balloon Payment Loan Calculator © 2005 Vertex42 LLC v. 1.3
VINOD KADDIMANI

Inputs Assumptions
* Interest compounds monthly
Loan Amount 10000 * Payments made at end of month
Annual Interest Rate 9.00% * Balloon amount paid a month after the
Amortization Period 36 months last regular monthly payment
# of Regular Payments 12 months
Begin Date 12/1/2005

Summary

Monthly Payment 318 FALSE Only
Interest
Balloon Payment 7012.95
Balloon Payment w/Rounding 7012.86

Total Payments 10828.86
Total Interest Paid 828.86

Amortization Schedule
Month Date Payment Interest Principal Balance
12/1/2005 - - - 10000
1 1/1/2006 318.00 75.00 243.00 9,757.00
2 2/1/2006 318.00 73.18 244.82 9,512.18
3 3/1/2006 318.00 71.34 246.66 9,265.52
4 4/1/2006 318.00 69.49 248.51 9,017.01
5 5/1/2006 318.00 67.63 250.37 8,766.64
6 6/1/2006 318.00 65.75 252.25 8,514.39
7 7/1/2006 318.00 63.86 254.14 8,260.25
8 8/1/2006 318.00 61.95 256.05 8,004.20
9 9/1/2006 318.00 60.03 257.97 7,746.23
10 10/1/2006 318.00 58.10 259.90 7,486.33
11 11/1/2006 318.00 56.15 261.85 7,224.48
12 12/1/2006 318.00 54.18 263.82 6,960.66
13 1/1/2007 7,012.86 52.20 6,960.66 0.00

http://www.vertex42.com/ExcelTemplates/balloon-loan-calculator.html © 2005 Vertex42 LLC

Balloon Payment Loan Calculator

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