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eemmpph

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How can I calculate a balloon payment in Excel?

Loan amount = $61,000
Annual interest rate = 3.5%
Period of load = 30 years
Monthly payment = $0.00
Balloon payment amount at the end of 30 years = ?

I am trying to develop a schedule in Excel that will show all 360 payments, and the final balloon payment amount.

Thanks for your help.
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Scott C
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Here are 2 ways to calculate a balloon payment using Excel.

http://www.wikihow.com/Calculate-a-Balloon-Payment-in-Excel
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eemmpph

ASKER

Thank you Scott.  I checked out the website.  However, it requires that I enter a monthly payment amount.  I will no payments, until after the 30th year.
So you want to calculate a loan for 30 years making no payments until after 30 years?

I'm not sure how that would be done as I can't think of any real-world practical application for that.

I would assume there would be penalties, etc. involved.

If no penalties, I would think you would take the principal * 3.5% add that to the principal to come up with the next amount and then do that for 360 months.
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Rob Henson
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Thank you Rob.  The Future Value formula is exactly what I needed, and works perfectly in my excel spreadsheet.