A large, lump-sum payment scheduled at the end of a series of considerably smaller periodic payments. A balloon payment may be included in the payment schedule for a loan, lease, or other stream of payments.
Related information about balloon payment:
- Balloon payment - Wikipedia, the free encyclopedia
A balloon payment is an unusually large payment due at the end of a mortgage or loan. Since the payments are not spread out, this large sum is the final ...
- Balloon payment mortgage - Wikipedia, the free encyclopedia
A balloon payment mortgage is a mortgage which does not fully amortize over the term of the note, thus leaving a balance due at maturity. The final payment is ...
- Balloon Payment Definition | Investopedia
An oversized payment due at the end of a mortgage, commercial loan or other amortized loan. Because the entire loan amount is not amortized over the life of ...
- What Is a Balloon Payment?
Sep 5, 2012 ... A balloon payment is a large, lump sum payment. Often made at the end of a long -term loan, a balloon payment is ideal for those...
- Free Online Balloon Payment Calculator
Calculate any one of five loan variables including balloon payment amount. With amortization schedule and charts. Design a loan to meet your needs.
- Balloon Payment - Legal Dictionary - The Free Dictionary
The final installment of a loan to be paid in an amount that is disproportionately larger than the regular installment. When a loan is made, repayment of the ...
- What Is a Balloon Payment Mortgage?
Learn more about the balloon mortgage, a lesser-used type of loan that offers lower interest rates for a period of time, followed by a "balloon" payment.
- Balloon Payment - What is a Balloon Payment
Definition of a balloon payment as it relates to real estate financing.