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Repayment calculator
Finance Calculator
1 year(s)
Monthly Payment
$426.89
Monthly for 1 year(s)
Results are indicative only and do not represent quotes or pre-qualifications. Individual lenders apply different formulas.
Balloon vs standard loan
The comparison most quotes never show you: the same loan with and without a balloon, side by side — repayment, total cost, and what’s still owing at the end.
Standard loan
$1,014/month
Total paid: $60,829
Owing at the end: $0
With 30% balloon
$810/month
Total paid: $63,580
Owing at the end: $15,000
The balloon cuts the repayment by $204 a month — and costs $2,751 more over the loan, with $15,000 still owing at the end. Here’s how to decide if that trade suits you.
Results are indicative only and do not represent quotes or pre-qualifications. Individual lenders apply different formulas.