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
Specify Output Format

HILCO MORTGAGE CORP.

Your Kansas Lending Source

Baldwin City Office
802 Ames Street
P.O. Box 4
Baldwin City, KS 66006-0004
800-340-6822 toll free
785-594-2700
785-594-7088 fax

Lawrence Office
3220 Mesa Way
Suite D
Lawrence, KS 66049-2346
888-721-1198 toll free
785-841-8055

Topeka Office
3311 SW Van Buren
Topeka, KS 66611-2265
785-267-9996
785-267-9997 fax

Kansas Mortgage Registration 1996-138