$120,000 Commercial Loan Amortization with Balloon Payment Calculator

Calculate the monthly payment and balloon payment for a $120,000 loan
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Determine the monthly payment and balloon payment for a $120,000 commercial loan.
The amortization length is the amount of time that the payment is set to and the loan length is for the amount of time until the balloon payment is due. This is a common way that commercial and business loans are structured.

For example, a 120k loan with an amortization length of 25 years at 5% interest would have a payment of 701.51/month. However, if the loan length is less than 25 years, a balloon payment would need to be made for the remaining balance.
Payment and balloon payment chart for a $120,000 commercial loan.
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20 Year Amortization Monthly Payment Balloon Payment
1 Year Loan860116,796
2 Year Loan860113,395
3 Year Loan860109,784
4 Year Loan860105,950
5 Year Loan860101,880
7 Year Loan86092,970
10 Year Loan86077,438
15 Year Loan86044,469
20 Year Loan8600
25 Year Amortization Monthly Payment Balloon Payment
1 Year Loan773117,864
2 Year Loan773115,596
3 Year Loan773113,188
4 Year Loan773110,632
5 Year Loan773107,919
7 Year Loan773101,978
10 Year Loan77391,622
15 Year Loan77369,641
20 Year Loan77339,992
30 Year Amortization Monthly Payment Balloon Payment
1 Year Loan719118,526
2 Year Loan719116,962
3 Year Loan719115,301
4 Year Loan719113,537
5 Year Loan719111,665
7 Year Loan719107,567
10 Year Loan719100,423
15 Year Loan71985,259
20 Year Loan71964,804
40 Year Amortization Monthly Payment Balloon Payment
1 Year Loan660119,257
2 Year Loan660118,468
3 Year Loan660117,630
4 Year Loan660116,740
5 Year Loan660115,796
7 Year Loan660113,729
10 Year Loan660110,125
15 Year Loan660102,476
20 Year Loan66092,159
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