7 Year Balloon Loan Amortization
August 12, 2008
This worksheet calculates monthly loan payments and prepares an amortization schedule for a 7 year balloon loan. A balloon loan requires a large final payment at some future date. Name Address City, State, Zip Telephone Tom Jones 1234 Number Street Jacksonville, Fl 32256 508-555-9909 Financial Inputs Loan Amount Interest Rate Period (in years)
$275,000 4.000% 30
Loan Date Loan Number Miscellaneous Appraised Value
8/12/2008 22:59 15888 Single Family $1,500,000
Loan Summary Information Monthly Payment $1,312.89 Total Interest $71,946.48 Total Payments $110,282.93 Balloon Payment $236,663.54
Amortization Schedule of 7 Year Balloon Loan
Beginning Mortgage Year Balance Total Monthly Payment Total Interest Portion Total Principal Portion Ending Mortgage Balance
1 2 3 4 5 6 7
$275,000.00 $270,157.15 $265,116.99 $259,871.50 $254,412.29 $248,730.66 $242,817.56
$15,754.70 $15,754.70 $15,754.70 $15,754.70 $15,754.70 $15,754.70 $15,754.70
$10,911.85 $10,714.55 $10,509.21 $10,295.50 $10,073.08 $9,841.60 $9,600.69
$4,842.85 $5,040.16 $5,245.50 $5,459.21 $5,681.63 $5,913.10 $6,154.01
$270,157.15 $265,116.99 $259,871.50 $254,412.29 $248,730.66 $242,817.56 $236,663.54
© Copyright, 2006, Jaxworks, All Rights Reserved.
Since 1996, JaxWorks has offered a suite of Free Excel workbooks and spreadsheets, and ass documents, that cover a number of financial, accounting and sales functions. These are invalua Also included Free are: - business plan tools, including spreadsheets and excellent instructions - Excel functions glossary and guide; - free training courses for most Microsoft Office applications. These guides are in PDF format and rival commercial books! - comprehensive list of acronyms, ratios and formulas in customer financial analysis, and financial terms; - suite of online calculators, including, breakeven analysis, productivity analysis, business evaluation; - Altman Z-Score (covering publicly and privately held firms, and small businesses); - and payroll analysis. If you are involved in financial analysis at any level, or want to learn more about MS Excel and suite this site is invaluable.
JaxWorks Small Business Spreadsheet Factory
spreadsheets, and associated MS Word, PDF and HTML ons. These are invaluable small business tools.
ides are in
y analysis,
about MS Excel and other applications in the Office
sheet Factory