A balloon loan structures your payments so that most of the loan amount is deferred to a large final payment, called the balloon payment, which keeps your regular monthly payments lower throughout the term. This balloon auto loan calculator shows you what your reduced monthly payment would look like alongside the size of that final lump sum, so you can decide whether you’ll be able to pay, refinance, or trade in the vehicle when it comes due.
Advanced Balloon Loan Analyzer
Compare the true cost of a balloon structure against a standard auto loan, factoring in taxes and hidden interest costs.
1. Purchase Details
2. Trade-in & Down Payment
3. Loan Terms & Balloon
Lump sum due at term end.
Awaiting Details
Enter your loan parameters to see how a balloon payment impacts your total interest cost.
Balloon Loan
/ Month
Final Balloon Due
$0
Standard Loan
/ Month
Final Payment Due
$0 (Paid Off)
The True Cost of Deferment
By choosing the Balloon Loan, your monthly payment is -$0 lower, but you will pay +$0 MORE in total interest over the life of the loan.
Total Balloon Interest
$0
Total Standard Interest
$0
Net Amount Financed
$0
Balloon loans can lower your monthly cost significantly, but it’s important to compare the total cost against a standard loan structure before committing, since you’ll eventually need to cover that final payment one way or another. Our car loan calculator shows the standard comparison, and if you’re worried about affording the balloon payment when it’s due, our car refinance calculator can help you estimate what refinancing that remaining balance might look like.