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Balloon Payment Loan Calculator: Inputs

The document is a loan calculator that provides details on a $500,000 loan with a 6% annual interest rate and 180 month amortization period. It shows that the borrower would make 59 monthly payments of $4,219.28 followed by a final "balloon payment" of $384,265.10. In total, the borrower would pay $633,202.62 over the life of the loan, with $133,202.62 in total interest.

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128 views4 pages

Balloon Payment Loan Calculator: Inputs

The document is a loan calculator that provides details on a $500,000 loan with a 6% annual interest rate and 180 month amortization period. It shows that the borrower would make 59 monthly payments of $4,219.28 followed by a final "balloon payment" of $384,265.10. In total, the borrower would pay $633,202.62 over the life of the loan, with $133,202.62 in total interest.

Uploaded by

gauravroongta
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLS, PDF, TXT or read online on Scribd
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Balloon Payment Loan Calculator

COMMERCIAL FUNDING NETWORK, INC

Inputs
Loan Amount
Annual Interest Rate
Amortization Period
# of Regular Payments
Begin Date

$500,000
6.00%
180
59
10/15/2009

months
months

Assumptions
* Interest compounds monthly
* Payments made at end of month
* Balloon amount paid a month after the
last regular monthly payment

Summary
Monthly Payment
Balloon Payment
Balloon Payment w/Rounding
Total Payments
Total Interest Paid

$4,219.28
$ 384,264.40
$

0
Interest Only

384,265.10

$ 633,202.62
$ 133,202.62

Amortization Schedule
Month

Date

Payment

Interest

Principal

10/15/2009

11/15/2009

4,219.28

2,500.00

1,719.28

12/15/2009

4,219.28

2,491.40

1,727.88

1/15/2010

4,219.28

2,482.76

1,736.52

2/15/2010

4,219.28

2,474.08

1,745.20

3/15/2010

4,219.28

2,465.36

1,753.92

4/15/2010

4,219.28

2,456.59

1,762.69

5/15/2010

4,219.28

2,447.77

1,771.51

6/15/2010

4,219.28

2,438.92

1,780.36

7/15/2010

4,219.28

2,430.01

1,789.27

10

8/15/2010

4,219.28

2,421.07

1,798.21

11

9/15/2010

4,219.28

2,412.08

1,807.20

12

10/15/2010

4,219.28

2,403.04

1,816.24

13

11/15/2010

4,219.28

2,393.96

1,825.32

14

12/15/2010

4,219.28

2,384.83

1,834.45

15

1/15/2011

4,219.28

2,375.66

1,843.62

16

2/15/2011

4,219.28

2,366.44

1,852.84

17

3/15/2011

4,219.28

2,357.18

1,862.10

18

4/15/2011

4,219.28

2,347.87

1,871.41

19

5/15/2011

4,219.28

2,338.51

1,880.77

20

6/15/2011

4,219.28

2,329.11

1,890.17

21

7/15/2011

4,219.28

2,319.66

1,899.62

22

8/15/2011

4,219.28

2,310.16

1,909.12

23

9/15/2011

4,219.28

2,300.61

1,918.67

24

10/15/2011

4,219.28

2,291.02

1,928.26

25

11/15/2011

4,219.28

2,281.38

1,937.90

26

12/15/2011

4,219.28

2,271.69

1,947.59

27

1/15/2012

4,219.28

2,261.95

1,957.33

28

2/15/2012

4,219.28

2,252.16

1,967.12

29

3/15/2012

4,219.28

2,242.33

1,976.95

Commercial Funding Network, Inc

30

4/15/2012

4,219.28

2,232.44

1,986.84

31

5/15/2012

4,219.28

2,222.51

1,996.77

32

6/15/2012

4,219.28

2,212.52

2,006.76

33

7/15/2012

4,219.28

2,202.49

2,016.79

34

8/15/2012

4,219.28

2,192.41

2,026.87

35

9/15/2012

4,219.28

2,182.27

2,037.01

36

10/15/2012

4,219.28

2,172.09

2,047.19

37

11/15/2012

4,219.28

2,161.85

2,057.43

38

12/15/2012

4,219.28

2,151.56

2,067.72

39

1/15/2013

4,219.28

2,141.23

2,078.05

40

2/15/2013

4,219.28

2,130.84

2,088.44

41

3/15/2013

4,219.28

2,120.39

2,098.89

42

4/15/2013

4,219.28

2,109.90

2,109.38

43

5/15/2013

4,219.28

2,099.35

2,119.93

44

6/15/2013

4,219.28

2,088.75

2,130.53

45

7/15/2013

4,219.28

2,078.10

2,141.18

46

8/15/2013

4,219.28

2,067.39

2,151.89

47

9/15/2013

4,219.28

2,056.63

2,162.65

48

10/15/2013

4,219.28

2,045.82

2,173.46

49

11/15/2013

4,219.28

2,034.95

2,184.33

50

12/15/2013

4,219.28

2,024.03

2,195.25

51

1/15/2014

4,219.28

2,013.06

2,206.22

52

2/15/2014

4,219.28

2,002.02

2,217.26

53

3/15/2014

4,219.28

1,990.94

2,228.34

54

4/15/2014

4,219.28

1,979.80

2,239.48

55

5/15/2014

4,219.28

1,968.60

2,250.68

56

6/15/2014

4,219.28

1,957.35

2,261.93

57

7/15/2014

4,219.28

1,946.04

2,273.24

58

8/15/2014

4,219.28

1,934.67

2,284.61

59

9/15/2014

4,219.28

1,923.25

2,296.03

60

10/15/2014

384,265.10

1,911.77

382,353.33

Commercial Funding Network, Inc

NDING NETWORK, INC

ounds monthly
de at end of month
nt paid a month after the
nthly payment

Balance
$

500,000.00
498,280.72
496,552.84
494,816.32
493,071.12
491,317.20
489,554.51
487,783.00
486,002.64
484,213.37
482,415.16
480,607.96
478,791.72
476,966.40
475,131.95
473,288.33
471,435.49
469,573.39
467,701.98
465,821.21
463,931.04
462,031.42
460,122.30
458,203.63
456,275.37
454,337.47
452,389.88
450,432.55
448,465.43
446,488.48

Commercial Funding Network, Inc

444,501.64
442,504.87
440,498.11
438,481.32
436,454.45
434,417.44
432,370.25
430,312.82
428,245.10
426,167.05
424,078.61
421,979.72
419,870.34
417,750.41
415,619.88
413,478.70
411,326.81
409,164.16
406,990.70
404,806.37
402,611.12
400,404.90
398,187.64
395,959.30
393,719.82
391,469.14
389,207.21
386,933.97
384,649.36
382,353.33
0.00

Commercial Funding Network, Inc

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