[
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
]
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.
[
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
]