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Saturday, August 18, 2018
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Interest only mortgage

An interest-only mortgage provides flexibility to the borrower during the early years of the loan. Borrowers can pay only interest, or can choose to repay some portion of the loan balance as they see fit. However, interest-only payments only last for an initial period of years, then the amount borrowed must be repaid over a shorter period of time. This change may produce a significant increase in payments.

Loan Information  
  Zip Code
  Loan Amount ($)
  Interest Rate

Property Information
  Monthly Real Estate Taxes
  Monthly Hazard Insurance
  Monthly Mortgage Insurance
  Monthly Homeowners Assoc Dues
 
 
 
 


This calculator estimates monthly interest-only payments. The results displayed above are only estimates and cannot be used to determine actual loan costs or be used as a guarantee. Please consult your tax advisor for information on the deductibility of interest for tax purposes. Refinancing or taking out a home equity loan or line of credit may increase the total number of monthly payments and the total amount paid when comparing to your current situation.
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You must be a minimum of 18 years old to enter information on this site.


12409 W Indian School Road C301  Avondale,  AZ  85392
Phone: (623) 935-0200 Fax: (602) 680-4660 Email: allwestcapital@msn.com
License # MB-0907098 / NMLS # 143584


12409 W Indian School Road C301  Avondale,  AZ  85392
Phone: (623) 935-0200 Fax: (602) 680-4660 Email: allwestcapital@msn.com
License # MB-0907098 / NMLS # 143584