$8,500,000 Commercial Loan With Balloon Payment at 6 Years

Monthly payment and balloon payment for a $8,500,000 commercial loan after 6 years
Determine the monthly payment and balloon payment for a $8,500,000 loan where the loan balance is paid off after 6 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 $8,500,000 loan with 5% interest and amortization set to interest only would have a payment of 35,417/month. However, the loan the remaining balance of 8,500,000 would need to be paid off or refinanced after 6 years.
Payment and balloon payment chart for a $8,500,000 commercial loan with a 6 year loan term.
$8,500,000 at 4% Monthly Payment Balloon Payment
10 Year Amortization86,0583,811,425
15 Year Amortization62,8735,694,561
20 Year Amortization51,5086,617,668
25 Year Amortization44,8667,157,164
30 Year Amortization40,5807,505,270
35 Year Amortization37,6367,744,426
40 Year Amortization35,5257,915,893
$8,500,000 at 5% Monthly Payment Balloon Payment
10 Year Amortization90,1563,914,826
15 Year Amortization67,2175,836,230
20 Year Amortization56,0966,767,791
25 Year Amortization49,6907,304,392
30 Year Amortization45,6307,644,501
35 Year Amortization42,8987,873,294
40 Year Amortization40,9878,033,429
$8,500,000 at 6% Monthly Payment Balloon Payment
10 Year Amortization94,3674,018,195
15 Year Amortization71,7285,974,457
20 Year Amortization60,8976,910,367
25 Year Amortization54,7667,440,142
30 Year Amortization50,9627,768,826
35 Year Amortization48,4667,984,474
40 Year Amortization46,7688,131,193
$8,500,000 at 7% Monthly Payment Balloon Payment
10 Year Amortization98,6924,121,406
15 Year Amortization76,4006,108,965
20 Year Amortization65,9007,045,154
25 Year Amortization60,0767,564,443
30 Year Amortization56,5517,878,782
35 Year Amortization54,3038,079,209
40 Year Amortization52,8228,211,268
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