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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

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Resulting Payments

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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.

Thinking of Selling Your Home? Read This.
Energized Realty Group has experience in all areas of North Queens Real Estate including Queens Houses, Queens Coops, Queens Condos, and Queens Apartments. If you are looking to sell a home in Bayside, Beechhurst, College Point, Douglaston, Flushing, Fresh Meadows, Little Neck, Malba or Whitestone, or selling a NY Condo or Coop be sure to contact Energized Realty Group. If your are looking to buy, we showcase an incredible selection of NORTH QUEENS HOUSES FOR SALE and CO-OPS/CONDOS FOR SALE.
Judy Markowitz | Energized Realty Group | Ph: 718-353-6001 - Fax: 718-353-4202 | 27-04 Francis Lewis Blvd. Flushing, NY 11358
www.energizedrealtygroup.com
Judy Markowitz
Energized Realty Group
Ph: 718-353-6001Fax:718-353-4202
27-04 Francis Lewis Blvd.
Flushing, NY 11358 US
www.energizedrealtygroup.com
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