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Convertible Balloon Mortgage Calculator
5/25 and 7/23 convertible balloon mortgages are growing in popularity 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. This calculator is designed to try to answer those
questions.
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