Finance: What is Balloon Interest, or a Balloon Payment?

Balloon loans, unlike common loans, are paid off all at once, at the end of the loan's duration (with interest paid along the way).

[aspyro]

Are you effectively expected to have the full 400k by the end of the 30 year period then, or can you make multiple payments that are completely towards the principle post 30 years.

[christieturner]

omg that is a horrible way to buy a house. thank you for the education

[DaGrizouch]

I realize you're trying to make these videos entertaining but I would actually like to see a more straightforward, even dryer video about just the facts, personally.