Information only. This app is not financial, tax, legal or investment advice. Do not make decisions based on these figures alone — seek professional advice.
Calculate repayments, compare balloon payments and see how paying extra could get you debt-free sooner.
Start with the basics — everything updates instantly.
A balloon payment reduces your regular repayments but leaves a larger amount owing at the end of the loan.
See what extra repayments could do for a variable loan.
Compare up to 3 ways to structure the same loan.
The lowest regular repayment is not always the cheapest loan overall — a balloon lowers repayments but increases the total cost.
The standard repayment path for your loan.
A fixed rate stays the same for the fixed period, so repayments are predictable. Paying out early can trigger break costs.
A variable rate can move up or down over time. You can usually make extra repayments freely and pay the loan out early without break costs.
A balloon is an amount left unpaid until the end of the loan. It can lower your regular repayments, but you will still need to pay or refinance the balloon at the end.
Extra repayments reduce your balance sooner, so you pay less interest and can become debt-free earlier.
A break cost is a charge a lender may apply when you end a fixed-rate loan early. It depends on your contract and interest rate movements, and only your lender can quote the exact figure.
A comparison rate bundles the interest rate and most fees into a single percentage to help you compare loans.
Calculations are estimates only and are provided for general educational purposes. Actual repayments, interest, fees, early repayment charges, balloon amounts and payout figures vary between lenders and loan contracts. Fixed-rate break costs cannot be accurately determined without information from the lender. Obtain an official payout figure and consider professional advice before refinancing or paying out a loan. PropertyROI.app does not provide credit approval or personalised financial advice.