Loan payments with final balloon balance
Calculate equal payments wey leave di final balance wey you choose.
Your numbers
Payment every month
Estimate for learning with your assumptions; no live prices, tax rules or guaranteed returns.
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Formula
Use A = [P−B/(1+r)^n]/a(r,n). P na principal, B na final balloon balance, r na monthly interest fraction, and n na months. a(r,n) add the discount factors for each month end; you pay the balloon at the end.
Calculate equal payments wey leave di final balance wey you choose.
Example wey show the calculation
- Principal
- 12000
- Balance wey remain as final balloon
- 6000
- Nominal rate for each year (%)
- 0
- Term in months
- 12
- Payment every month
- 500
- Total interest
- 0
- Di final balloon payment
- 6,000
Where e fit work and limits
Estimate for learning with your assumptions; no live prices, tax rules or guaranteed returns.
We check inputs for missing values and allowed ranges. Result wey pass the finite numeric range no go show. Rounding affect wetin display, while calculation use the model numeric precision.
Check your units and assumptions before you rely on result. Changing label no convert currency or physical unit.
Version of di formula: b499f5212d96 · Example don get check: