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  Mortgage Rates

Balloon Loan Calculator

This calculator enables borrowers to quickly see their estimated monthly loan payments for a balloon loan, along with how much they will owe in a lump sum payment at the end of the loan term. A table listing current mortgage rates is displayed under the calculator.

Amount Borrowed:
Annual Interest Rate (APR %)
Loan Term in Years
Date of First Payment:
Optional Upfront Payment
Optional Loan Fees Add to loan?
Optional Ending Balloon Payment
Monthly Payment Amount:
Total Monthly Payments:
Paid Upfront:
Balloon Payment Due at End:
Total of All Payments:
Total interest cost:
Effective APR:

 

Today's Best Columbus Mortgage Rates

Our rate table lists the best current Columbus mortgage rates available from our lender network. Set your search criteria by entering your loan data and selecting the relevant products from the dropdown, click search and we'll help you compare the market by showing you the most relevant offers for Columbus homeowners.

 

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Key Tips & Advice

Things to consider when buying a home:

  • While the 30-year mortgage is the most popular term in the United States, a 15-year term builds equity much quicker;
  • Home buyers in the US move on average of once every 5 to 7 years;
  • Early mortgage payments apply primarily to interest rather than the principal;
  • Using a shorter loan term, paying extra & making bi-weekly payments can better help offset any transaction-based expenses.

Do Home Prices Always Go Up?

In the United States real estate prices have went up about 6-fold since 1970.