Convertible Balloon Mortgage Calculator

These days 5/25 and 7/23 convertible balloon mortgages are becoming more popular because they provide lower rates than conventional 30 year mortgages while providing 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


  US Mortgage Network™ • 115 VIP Drive, Suite 300 • Wexford, PA 15090 • Phone: 724-933-9300 • Toll Free: 1-877-366-2080