Free calculator

Balloon or no balloon?

Compare the same loan with and without a balloon: the monthly repayment, what you still owe at the end and the extra interest.

Worked out only in your browser; nothing is sent or saved. We do not publish rates or fees: use the ones from your own quote.

For example 100,000

From your quote

For example 30

What these numbers mean
  • The big number is how much more interest you pay in total if you choose a balloon.
  • Monthly repayment shows how much lower each repayment is with the balloon.
  • Balloon owed at the end is the lump sum you still need to pay, or refinance, when the term ends.
  • Total paid adds up every repayment plus the balloon.

Good to know

  • Both options use the same amount, rate and term. Fees are not included.
  • A balloon lowers each repayment but you still owe it at the end, and you pay interest on it for the whole term.
  • This is a guide only, not a quote, an offer of finance, a borrowing limit or financial, legal or tax advice.

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