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John Mesko
All agents are NOT alike! Find out why I am a top real estate expert. Call me: 518-466.9700.


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East Greenbush

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TripleCalc
Compare three mortgages at one time. Download TripleCalc now. It's free.

Real Estate - Homes - NUMBER1EXPERTS Sell More!
John Mesko is one of The Top Selling Real Estate Experts™
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School Reports
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As soon as I list another home for sale, I'll email you. You'll know first.
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Mortgage Calculators
Welcome > Resources > Mortgage Calculators > Balloon Mortgages ...

The Best Mortgage Calculators On the Web! 

Please try my Java loan and mortgage calculators. They take a minute to load, but they are worth it! 

Each calculator has dynamic graphs and charts that change - right before your eyes - as you enter different information. Try each calculator with different interest rates, loan amounts, and payment schedules. 

The mortgage repayment schedule and other reports are fully customizable - just for your home, your interest rate, your loan amount, your taxes, and more. 

Would you like a print out, for your records and future reference? Each calculator includes a View Report button. Click it, hit print, and you have a report, customized just for you... 

Are Balloon Mortgages For You?

A balloon mortgage can be an excellent option for many home buyers. A balloon mortgage is usually rather short, with a term of five to seven years, but the payment is based on a term of 30 years. They often have a lower interest rate, and can be easier to qualify for than a traditional 30 year fixed mortgage. There is, however, a risk to consider. At the end of your loan term you will need to pay off your outstanding balance. This usually means you must refinance, sell your home or convert the balloon mortgage to a traditional mortgage at the current interest rates.

This Financial Calculator requires a Browser with Java Support



Definitions

Mortgage amount
Original or expected balance for your mortgage.

Interest rate
Annual interest rate for this mortgage.

Term in years
The number of years over which you will repay this loan. The most common balloon mortgage terms are 5 years and 7 years. After the mortgage term is complete, you will then need to refinance or pay off the remaining balance.

Monthly payment
Monthly principal and interest payment (PI). The monthly payment is calculated using a 30 year term.

Total payments
Total of all monthly payments over the term of the balloon mortgage. This total payment amount assumes that there are no prepayments of principal.

Total interest
Total of all interest paid over the term of the balloon mortgage. This total interest amount assumes that there are no prepayments of principal.

Prepayment type
The frequency of prepayment. The options are: none, monthly, yearly, and one-time payment.

Prepayment amount
Amount that will be prepaid on your mortgage. This amount will be applied to the mortgage principal balance, based on the prepayment type.

Start with payment
This is the payment number that your prepayments will begin with. For a one time payment, this is the payment number that the single prepayment will be included in. All prepayments of principal are assumed to be received by your lender in time to be included in the following month's interest calculation.

Savings
Total amount of interest you will save by prepaying your mortgage.

The mortgage calculators are provided by KJE Computer Solutions, LLC and made available to NUMBER1EXPERT as self-help tools for your independent use and are not intended to provide investment advice. We can't guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.



School Reports in East Greenbush and Albany, New York
"A model of how the Internet can facilitate the process of deciding where to send your children to school"
- America's Best School Profiles by
The Heritage Foundation

New York Public, Private and Charter Schools: Compare them using these top-rated, comprehensive reports.
  Schools in East Greenbush and Albany 



Real Estate Tips
For Sale By Owner >For Sale By Owner

The virtue of self-reliance is as American as baseball and apple pie--except if you are trying to sell your own home. Here such a "virtue" can cost you time, effort, and possibly money.

Because the overwhelming majority of homes that sell are listed with a real estate agent, you will be going against significant odds if you decide to sell your own home. The experience of a real estate professional may get you a better price and help you to avoid all the "little" things that can go wrong in a real estate transaction.

The desire to "save" the commission on a property is the reason most people decide not to work with a real estate agent. Prospective buyers who look for properties that are "For Sale By Owner" (FSBOs) are also wanting to avoid the commission--and to get a less-than-market-value deal. However, nothing is saved in the majority of FSBOs. Listing your home with a real estate professional can spare you the inconvenience of showing your home and save you the time you would spend talking to buyers who could not qualify for a loan.

See All Tips In The "For Sale By Owner" Category >
See Complete Library Of Hundreds Of Tips In 30+ Categories >

Real Estate Trivia
Q 
Nearly every state has a mandate for seller disclosure. What must a seller disclose?

A 
The seller must disclose any existing problems, defects or conditions that could affect the value of the house.
See More Real Estate Trivia >


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John Mesko, REALTOR®, real estate agent and broker for East Greenbush and Albany, New York home listings, property and land for sale - NUMBER1EXPERT(tm)

John Mesko
Coldwell Banker Prime Properties

97 Troy Rd.
East Greenbush, NY 12061
Phone: 518-466-9700
Fax: 518-477-2156
johnmesko@NUMBER1EXPERT.com

John started his real estate career in 1990 upon completion of his college degree in finance and has become a top sales associate in the real estate business. He began with Century 21 and immediately enjoyed success stating, “helping others was very satisfying”. One of the top new construction agents in New York State, interest in construction dates back to his childhood. “My Grandfather was a general contractor, a business my brother still runs so new construction was a natural fit”. John has expert knowledge regarding the Capital region that puts him second to none. To date John has helped more that 1,000 families achieve the “American Dream”. His volume in “dollars sold” has exceeded $200 million! If knowledge, professionalism and a quality home is what you are looking for, call John Mesko. As one of America's NUMBER1EXPERTS™ in the East Greenbush and Capital region, John is well equipped to guide you through all your real estate needs and looks forward to working with you. Call or email him today!!! The Mesko Team; creating communities in the “Tech Valley Region” one person at a time.


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