$40,000 Commercial Loan With Balloon Payment at 5 Years

Monthly payment and balloon payment for a 40k commercial loan after 5 years
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Determine the monthly payment and balloon payment for a $40,000 loan where the loan balance is paid off after 5 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 40k loan with 5% interest and amortization set to interest only would have a payment of 167/month. However, the loan the remaining balance of 40,000 would need to be paid off or refinanced after 5 years.
Payment and balloon payment chart for a 40k commercial loan with a 5 year loan term.
40k at 4% Monthly Payment Balloon Payment
5 Year Amortization7370
10 Year Amortization40521,990
15 Year Amortization29629,224
20 Year Amortization24232,770
25 Year Amortization21134,842
30 Year Amortization19136,179
35 Year Amortization17737,098
40 Year Amortization16737,756
40k at 5% Monthly Payment Balloon Payment
5 Year Amortization7550
10 Year Amortization42422,482
15 Year Amortization31629,823
20 Year Amortization26433,382
25 Year Amortization23435,432
30 Year Amortization21536,731
35 Year Amortization20237,606
40 Year Amortization19338,217
40k at 6% Monthly Payment Balloon Payment
5 Year Amortization7730
10 Year Amortization44422,970
15 Year Amortization33830,404
20 Year Amortization28733,960
25 Year Amortization25835,973
30 Year Amortization24037,222
35 Year Amortization22838,041
40 Year Amortization22038,599
40k at 7% Monthly Payment Balloon Payment
5 Year Amortization7920
10 Year Amortization46423,455
15 Year Amortization36030,965
20 Year Amortization31034,503
25 Year Amortization28336,465
30 Year Amortization26637,653
35 Year Amortization25638,410
40 Year Amortization24938,909
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