Real Estate Sales - Ocean City & Ocean Pines Maryland,
Fenwick Island & Bethany Beach Delaware - Coldwell Banker Residential Brokerage
410-641-5700 Toll Free: 800-362-8509, Email: Edie@EdieBrennan.com

 

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 3 yr balloon 5/256/247/238/229/2110/20 Type of Loan Initial Interest (%) Monthly Pre-payment during initial fixed period HTML ASCII Text Specify Output Format

 
 
 

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