Note: The purchased version of this document includes a Loan Amortization Schedule Calculator (in Microsoft Excel format). Real estate can be unpredictable, and it can be hard to know what the market will be like when your balloon payment is eventually due.Find an expert who knows the market. Compare trusted real estate agents all in one place. Learn about Balloon Mortgage with ContractCounsel's Real Estate Term Glossary. Click here to learn more. Balloon Payment on Westlaw. (2) Form FmHA 440-4 LA, "Chattel. Mortgage and Crop Pledge (Louisi ana)," or Form FmHA 440-4A LA,.