2110 Artesia Boulevard, Suite B207, Redondo Beach, CA 90278
Phone  310-292-7774 Fax  310-802-8074

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.

Michael Wilk
A&M Real Estate & Management
Ph: 310-292-7774Fax:310-802-8074
2110 Artesia Boulevard, Suite B207
Redondo Beach, CA 90278 US
CA DRE License # 01300941
www.am-rem.com
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