$20,000 Commercial Loan With Balloon Payment at 20 Years

Monthly payment and balloon payment for a 20k commercial loan after 20 years
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Determine the monthly payment and balloon payment for a $20,000 loan where the loan balance is paid off after 20 years.
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. Usually, the loan is refinanced when the balloon payment comes due.

For example, a 20k loan with 5% interest and amortization set to interest only would have a payment of 83/month. However, the loan the remaining balance of 20,000 would need to be paid off or refinanced after 20 years.
Payment and balloon payment chart for a 20k commercial loan with a 20 year loan term.
20k at 4% Monthly Payment Balloon Payment
20 Year Amortization1210
25 Year Amortization1065,732
30 Year Amortization959,431
35 Year Amortization8911,972
40 Year Amortization8413,794
20k at 5% Monthly Payment Balloon Payment
20 Year Amortization1320
25 Year Amortization1176,196
30 Year Amortization10710,122
35 Year Amortization10112,764
40 Year Amortization9614,613
20k at 6% Monthly Payment Balloon Payment
20 Year Amortization1430
25 Year Amortization1296,665
30 Year Amortization12010,801
35 Year Amortization11413,514
40 Year Amortization11015,360
20k at 7% Monthly Payment Balloon Payment
20 Year Amortization1550
25 Year Amortization1417,139
30 Year Amortization13311,460
35 Year Amortization12814,215
40 Year Amortization12416,031
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