2060 E Route 66, Suite 101, Glendora, CA 91740
Phone (626) 852-6771 Fax  (626) 857-1054

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.

Michelle Andrade
Andrade Financial, Inc
Ph: (626) 852-6771 Fax:(626) 857-1054
2060 E Route 66, Suite 101
Glendora, CA 91740 US
CA DRE License # 01189232
www.andradefinancial.net
Home Pre-Qualify Now Apply Online Interest Rates Calculators Mortgage FAQs Mortgage Articles Mortgage Links Mortgage Glossary Local Area Local Schools Local Weather Contact About Us Send Link to a Friend Market Place Privacy Policy Rental Application
Powered by LinkURealty - Real Estate Web Design & Websites