Interest Only Calculator

Calculate interest only mortgage payments by inserting the appropriate loan values in the calculator fields below. The monthly savings on interest only loans may be significant compared to traditional fixed rate mortgages so you owe it to yourself to learn more about the benefits & risks of interest only home loan programs.

Mortgage and Expense Information

$
Calculate Now!

Resulting Payments

$

What is an Interest Only Loan? An Interest-Only loan is a home loan program where you have an option to make "interest-only" payments for a defined period of the loan. The term "interest-only" does not mean not mean a consumer will never have to repay the principal amount of the loan. Usually there is a term in which you will pay only interest. After that term, you would then have to pay both interest and principle. Interest only loans generally use a variable interest rate.

Neil Macbale
Big Blue Realty
1202 Troy Schenectady Rd-Bld 3
Latham, NY 12110 US
www.neilestateagent.com
Home Search Homes Relocation Home Value Request Sell Your House Seller Reports VIP Home Finder Buyer Reports Calculators Pre-Qualify Now Mortgage Glossary F.A.Qs Real Estate News Daily Cartoon Local Schools Local Weather Contact About Send Link to a Friend Articles Investor Reports Sign My Guest Book Real Estate Glossary Commercial Value Request
Powered by LinkURealty - Real Estate Web Design & Websites
Info@neilestateagent.com Neil Macbale - Agent with Big Blue Realty Neil Macbale reviews