Cathy Newlin, RE/MAX Home Team
Your Realtor for Life!
DIRECT:  860-625-5999
262 Boston Post Road , Waterford, CT 06385

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.

Cathy Newlin
RE/MAX Home Team
Fax:860-444-9271
262 Boston Post Road
Waterford, CT 06385 US
License # 0766468
www.CathyNewlin.com
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