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Download Balloon Loan Payment Excel Template

Balloon Payment Meaning

A balloon loan payment is a huge amount due, at the end of a balloon loan, such as a mortgage, a trade loan, or another type of amortized loan payment. So, it is considered similar to a bullet repayment.
What is a balloon loan payment? A balloon loan payment is set up for a relatively short term period, so, only a portion of the loan’s principal amount is amortized over that period. The amount at the end of the payments, in such a case, is zero. Therefore, balloon loans payment is different from most lending systems taught to the public. Because it involves lower monthly payments with a large payment at the end of the term. But these loan payment terms are reduced than traditional loans and offered as for auto loans, mortgages, and business loans. Thus, the unpaid balance and due payment will be filled at the term’s end.

Similarly, it can help in lower interest rates and allow you to make lower monthly payments so the loan doesn’t affect your monthly cash flow. But focus on the total amount payment that you have to pay once your loan’s term is over.

How to Create a Balloon Loan Payment in EXCEL

This Template can be useful as a mortgage calculator, particularly for calculating the balloon payment. Similarly, there are many other expenses associated with home buying/selling that the calculator does not take into account, such as property taxes, deposit payments, mortgage insurance, owner’s insurance, closing costs, etc.
So we have created this spreadsheet to figure out a payment schedule for a home loan or auto loan. Why? To keep the monthly loan payments low at first, we set up a 2-year loan with the plan to pay the loan off completely after about 12 months.

Insert your Balloon Payment Data.

The columns include:

  • Loan Principle Amount- Amount of your loan in the Loan Amount field
  • Annual Interest Rate- Bank/financial institution offered interest per year
  • Payment Period- Period of your amortization, commonly it is longer than the payment period
  • Total Payment- Number of instalment months that you plan to pay before paying the remaining balance off.
  • And Key Financial Data
  • Overall Monthly Payment
  • Total Interest
  • Total Balloon Payment

How to Use this Balloon Loan Payment Excel template

Our editable Excel templates for data analysis are easy to use and can save you a significant amount of time and effort. Here’s how to download and use one of our templates:

  1. Download: Once you’ve browsed through our collection of templates and find the one that best fits your needs. Once you’ve found the template you want, click on the download button.

  2. Replace sample data with your actual data: Once the template is downloaded, open it in Excel. You’ll see that it is already set up with sample data. To start analyzing your own data, simply replace the sample data with your actual data.

  3. Customize the template: Our templates are completely editable, which means you can customize them to fit your specific needs. For example, you can change the formatting, add or remove columns, or create new charts and graphs.

  4. Use the Excel template: Once you’ve fed in your data and customized the template, you’re ready to start using it for data analysis. Use the various tools and features of Excel to analyze and visualize your data, and make informed business decisions.

  5. Save and share: Once you’ve finished working on the template, save it to your computer and share it with other members of your team or stakeholders as needed.

In summary, our editable Excel templates for data analysis are easy to use and can save you a significant amount of time and effort. Simply, download the template, replace sample data with your actual data, customize it as per your requirement, use it for data analysis, and save or share it with others as needed. With our templates, you can quickly and easily analyze your data and make informed business decisions.

Click Download Button To Get Balloon Loan Payment Excel Template

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