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Car Loan Calculator with Balloon Payment

This page opens the car loan calculator with a realistic balloon setup so you can see repayment size, final balloon due, and total finance cost together.

Direct answer

A car loan with a balloon payment usually lowers regular repayments by leaving a larger lump sum due at the end of the loan term.

Calculator

Car Loan Calculator with Balloon

Your details

—

Used to show the estimated final cost (car price + finance costs).

$0
$45,000

Loan amount = car price - deposit

25% ($11,250)

Due at end of term

Interest is generally charged on the remaining loan balance, including the balloon amount.

Rate source

Interest rate: Used to calculate your repayments.
Comparison rate: Includes some fees to show a broader borrowing cost estimate.

6.90%
5 years60 months

Repayment frequency

Fees

Included in totals
$350

Fees are included in totals. Repayments shown include the per-payment fee.

$10

Fees are included in totals. Repayments shown include the per-payment fee.

Toggle to show calculation method.

Your results

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Repayment

$741.39
per month (incl. fees)
Standard amortisationFees included

Base $731.39 + Fees $10.00

Upfront establishment fee is included in total cost, not repayments.

Summary

Loan amount

$45,000

Interest rate

6.90%

Term

5 years

60 months

Frequency

Monthly

Balloon

25% ($11,250)

Establishment fee

$350

Monthly fee

$10

Total interest

$10,133

Total fees

$950

Total paid

$56,083

Balloon due

$11,250

Balloon Cost Breakdown

Balloon amount

$11,250.00

Interest paid on balloon

$2,533.30

Total balloon cost

$13,783.30

The balloon accrues interest over the full loan term.

What if I remove the balloon?

New repayment (no balloon)

$898.93 / month

Interest saved

$1,797.26

Repayment increase

$157.55 / month

Removing the balloon increases your repayment by $157.55 per month but saves you $1,797.26 in total interest.

Decision insights

Balloon trade-off

Watch
A 25.0% balloon lowers regular repayments, but leaves $11,250 due at the end of the term.

Compare with personal loan

Info
If this loan is unsecured or has a higher rate, compare it with the Personal Loan Calculator. Personal Loan Calculator.

Results are estimates only and may differ from lender calculations. This information is general and not financial advice.

Key figures

Repayment per month (example)

$741.39

Balloon due at end

$11,250

Total interest

$10,133

Total paid

$56,083

Assumptions

  • Loan amount: $45,000 baseline
  • Interest rate: 6.9% p.a. baseline
  • Term: 5 years
  • Balloon: 25%

How to use this page

How balloon mechanics work

A balloon shifts part of principal repayment to the end. This can improve short-term cash flow but creates an end-of-term obligation that must be planned early.

Trade-offs to compare

Compare no-balloon and balloon scenarios with the same rate and term. Check repayment comfort, total interest, and the final amount due rather than looking at monthly repayment alone.

AU lending context

Lender policies, fees, and contract options vary. Use these outputs as estimates only and confirm final terms directly with your lender or broker.

FAQs

A balloon payment is a lump sum due at the end of the term. It leaves part of the principal unpaid during regular instalments.

Related calculators and guides

Continue with closely related tools and scenarios.

Disclaimer

Estimates only. Not financial advice. Lender policy, fees, rate changes, and product structure can vary. Confirm final figures directly with your lender or adviser.