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| Convertible 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 try to answer those questions...
Note: When entering numbers into the data fields only use numbers and applicable decimal points. Entering commas, dollar signs, or any other non-numeric characters will cause an error. Also please note that this calculator has been tested to work with Internet Explorer 3.01 and Netscape Navigator 3.01 web browsers. However, both must have the JavaScript option turned on. |
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| The accuracy of this calculator and its applicability to your circumstances is not guaranteed. Results should be discussed with a qualified professional before any product purchases or loan commitments are made. |
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