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[ Affordability Calculator | Convertible Balloon Mortgage Calculator |
| Mortgage Payment Table | Income Requirement | Mortgage Calculator |
| How Will Prepaying Change my Loan | Prepayment Mortgage Reduction | Prepayment vs. Investment - A Scenario ]

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.
Principal Balance: $
Type of Loan:
Initial Interest: %
Monthly Pre-payment during initial fixed period: $
Output Type:

[ Affordability Calculator | Convertible Balloon Mortgage Calculator |
| Mortgage Payment Table | Income Requirement | Mortgage Calculator |
| How Will Prepaying Change my Loan | Prepayment Mortgage Reduction | Prepayment vs. Investment - A Scenario ]