$20,000 Commercial Loan With Balloon Payment at 25 Years

Monthly payment and balloon payment for a 20k commercial loan after 25 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 25 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 25 years.
Payment and balloon payment chart for a 20k commercial loan with a 25 year loan term.
20k at 4% Monthly Payment Balloon Payment
25 Year Amortization1060
30 Year Amortization955,185
35 Year Amortization898,747
40 Year Amortization8411,300
20k at 5% Monthly Payment Balloon Payment
25 Year Amortization1170
30 Year Amortization1075,689
35 Year Amortization1019,517
40 Year Amortization9612,195
20k at 6% Monthly Payment Balloon Payment
25 Year Amortization1290
30 Year Amortization1206,202
35 Year Amortization11410,272
40 Year Amortization11013,040
20k at 7% Monthly Payment Balloon Payment
25 Year Amortization1410
30 Year Amortization1336,720
35 Year Amortization12811,004
40 Year Amortization12413,828
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