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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.

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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.

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Paris & Connor MacIVOR Paris911 with RE/MAX of Santa Clarita
Paris MacIVOR: 661-513-4620 DRE License # 01256647
Connor MacIVOR: 661.284.5429 DRE License # 01238257
Fax: 888-484-7748
Two Locations To Protect and Serve Your Real Estate Needs:
RE/MAX of Santa Clarita
Paris 911 & Associates

25101 The Old Road, Suite 201, 203 & 205
Santa Clarita, CA 91381
RE/MAX of Valencia
Paris 911 & Associates

27720 Dickason Avenue
Valencia, CA 91355
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