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.

L. Serene Knell
Simply Sell Now.com
Ph: 978.726.0261Fax:978.236.7257
119 Drum Hill Road, Suite 343
Chelmsford, MA 01824 US
License # 9501518
www.simplysellnow.com
Home Search Homes Featured Listings Buyer Reports Open Houses Seller Reports Calculators Home Value Request We Sell Your House Relocation Neighborhood Reports Massachusetts Local Schools Local Weather F.A.Qs Real Estate Glossary Mortgage Glossary Meet Our Staff About Simply Sell Testimonies Send Link to a Friend Contact Rental Application Sign My Guest Book
LinkUAgent Partner
Powered by LinkURealty - Real Estate Web Design & Websites