$20,000 Commercial Loan Amortization with Balloon Payment Calculator

Calculate the monthly payment and balloon payment for a $20,000 loan
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Determine the monthly payment and balloon payment for a $20,000 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 20k loan with an amortization length of 25 years at 5% interest would have a payment of 116.92/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 $20,000 commercial loan.
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20 Year Amortization Monthly Payment Balloon Payment
1 Year Loan14319,466
2 Year Loan14318,899
3 Year Loan14318,297
4 Year Loan14317,658
5 Year Loan14316,980
7 Year Loan14315,495
10 Year Loan14312,906
15 Year Loan1437,412
20 Year Loan1430
25 Year Amortization Monthly Payment Balloon Payment
1 Year Loan12919,644
2 Year Loan12919,266
3 Year Loan12918,865
4 Year Loan12918,439
5 Year Loan12917,986
7 Year Loan12916,996
10 Year Loan12915,270
15 Year Loan12911,607
20 Year Loan1296,665
30 Year Amortization Monthly Payment Balloon Payment
1 Year Loan12019,754
2 Year Loan12019,494
3 Year Loan12019,217
4 Year Loan12018,923
5 Year Loan12018,611
7 Year Loan12017,928
10 Year Loan12016,737
15 Year Loan12014,210
20 Year Loan12010,801
40 Year Amortization Monthly Payment Balloon Payment
1 Year Loan11019,876
2 Year Loan11019,745
3 Year Loan11019,605
4 Year Loan11019,457
5 Year Loan11019,299
7 Year Loan11018,955
10 Year Loan11018,354
15 Year Loan11017,079
20 Year Loan11015,360
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