# balloon by lizzybee27925

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```									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 19:21 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

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