Balloon Payment Calculator — interactive
See how a balloon (residual) changes your monthly repayment and total cost. Visualise the balloon outstanding over the finance term and plan monthly savings for it.
Visual forecast
Shows loan balance, balloon outstanding and savings accumulation (if enabled)
Amortisation schedule
| Period | Payment | Principal | Interest | Balance | Outstanding balloon | Saved for balloon |
|---|
Summary & Choices
What is a balloon?
A balloon (residual) is a lump-sum you owe at a future date (usually at the end of the finance term). If you don't pay it you must refinance it, sell the vehicle, or use savings. This tool shows you when it falls due and how to save for it monthly.
Pros & cons of balloon finance
Pros
- Lower monthly repayments (improves affordability).
- Can be good for short-term ownership before sale/upgrade.
- You must pay the balloon when due — large lump sum.
- If you cannot pay, you may need to refinance or sell at possibly unfavourable terms.