Examples of Balloon Loan Template
|
Loan Date |
03/13/08 |
|
Loan Type |
____________Loan |
Financial Details |
Loan Amount |
$20,000.00 |
Interest Rate |
3.00% |
Loan Period |
5 |
Balloon Loan length |
2 |
Financial Summary |
Monthly Payment |
$359.37 |
Total Interest Paid |
$982.57 |
|
Total Payments |
$8,624.97 |
Balloon Payment |
$12,357.60 |
Amortization Schedule |
|
Date |
Monthly Payment |
Interest |
Principal |
Ending Balance |
Total Monthly Payments |
|
03/13/08 |
- |
- |
- |
$20,000.00 |
- |
|
04/13/08 |
$359.37 |
$50.00 |
$309.37 |
$19,690.63 |
|
|
05/13/08 |
$359.37 |
$49.23 |
$310.14 |
$19,380.48 |
|
|
06/13/08 |
$359.37 |
$48.45 |
$310.92 |
$19,069.56 |
|
|
|
07/13/08 |
$359.37 |
$47.67 |
$311.70 |
$18,757.85 |
|
|
08/13/08 |
$359.37 |
$46.89 |
$312.48 |
$18,445.37 |
|
|
09/13/08 |
$359.37 |
$46.11 |
$313.26 |
$18,132.11 |
|
|
10/13/08 |
$359.37 |
$45.33 |
$314.04 |
$17,818.06 |
|
|
11/13/08 |
$359.37 |
$44.55 |
$314.82 |
$17,503.24 |
|
|
12/13/08 |
$359.37 |
$43.76 |
$315.61 |
$17,187.63 |
|
|
01/13/09 |
$359.37 |
$42.97 |
$316.40 |
$16,871.22 |
|
|
02/13/09 |
$359.37 |
$42.18 |
$317.19 |
$16,554.03 |
|
|
03/13/09 |
$359.37 |
$41.39 |
$317.98 |
$16,236.04 |
|
First year |
|
|
|
|
|
$4,312.49 |
|
04/13/09 |
$359.37 |
$40.59 |
$318.78 |
$15,917.26 |
|
|
05/13/09 |
$359.37 |
$39.79 |
$319.58 |
$15,597.68 |
|
|
06/13/09 |
$359.37 |
$38.99 |
$320.38 |
$15,277.29 |
|
|
07/13/09 |
$359.37 |
$38.19 |
$321.18 |
$14,956.11 |
|
|
08/13/09 |
$359.37 |
$37.39 |
$321.98 |
$14,634.13 |
|
|
09/13/09 |
$359.37 |
$36.59 |
$322.78 |
$14,311.34 |
|
|
10/13/09 |
$359.37 |
$35.78 |
$323.59 |
$13,987.75 |
|
|
11/13/09 |
$359.37 |
$34.97 |
$324.40 |
$13,663.34 |
|
|
12/13/09 |
$359.37 |
$34.16 |
$325.21 |
$13,338.13 |
|
|
01/13/10 |
$359.37 |
$33.35 |
$326.02 |
$13,012.11 |
|
|
02/13/10 |
$359.37 |
$32.53 |
$326.84 |
$12,685.26 |
|
|
03/13/10 |
$359.37 |
$31.71 |
$327.66 |
$12,357.60 |
|
Second Year |
|
|
|
|
|
$4,312.49 |
Notes on Balloon Loan Template Example
A
Balloon Loan, is a loan usually with a low interest rate.
Payments are made for a set time, and then a final large
payment is made at the end of the Balloon Loan period.
To use this
Balloon Loan Calculator, fill in the
Date, Loan Amount, Interest
Rate, Loan Period, and
Balloon Loan
length fields. If you need to add additional years, copy a previous section of years and paste below the last dates row.
Disclaimer: Examplesof.com makes every effort to ensure the functional integrity of all downloadable materials posted on the site. The information, methodologies and processes contained in these materials are provided according to built-in software and formulas. We are unable to guarantee that these materials will necessarily be suitable for individual purposes. We are unable to guarantee that these materials will necessarily be free of functional issues which may affect their performance. Important: These materials are offered for purchase and use in good faith in "as is" condition. Full disclaimer is here disclaimer
Limited Use Policy : These templates provided by ExamplesOf.com, may be downloaded and customized for your personal or company use only. You may download copies, make archival copies and customize the template to be distributed and used within your company. This template or any document produced from this template may NOT be sold, redistributed, or uploaded to the internet for distribution.EULA
Download Excel Version of Balloon Loan example