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.
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.
Kent Vander Kamp
Eagle Equity Services
Ph: (541) 312-2466Fax:541-610-1678
61145 SE Wagyu Dr
Bend, OR 97702 US
Licensed Real Estate Broker Eagle Equity Services, Oregon Real Estate Broker #200270796
