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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... Principal Balance 5/25 6/24 7/23 8/22 9/21 10/20 Type of Loan Initial Interest (%) Monthly Pre-payment during initial fixed period Output type HTML 3.0 Tables Plain Text

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