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Convertable Balloon Mortgage Calculator

These days 5/25 and 7/23 convertible balloon mortgages are getting more popular since they provide lower rates than conventional 30 year mortgages while still giving a fixed payment schedule for 5 or more years. The risk, of course, is what happens after the initial fixed period is over and you have the possibility of converting your loan. Here is a calculator to help you determine if this is the right mortgage for you.

Principle Balance  
Type of Loan  
Initial Interest (%)   %
Monthly Pre-payment during initial fixed period  

 

 
Featured Home

Location, Location, Location, PLUS a truly beautiful home!

Featured Home

Well loved 4 bedroom home that is located on a quiet street yet is a short walk to great shops/transp.!

Featured Home

A wonderful home for entertaining!!!!Great neighborhood. Beautiful and spacious 5 bedroom 3 full bath home!

Featured Home

Gorgeous setting! Set back from the road, this home is a classic beauty!

Featured Home

Simply Gorgeous!!!!!!

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