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.

All information Contained on this site is derived from third parties, the owners, and from other sources deemed to be reliable. Information on this site is subject to change at any time without notification. It is the viewer's responsibility to verify any and all information contained herein. Links to other sites are provided for convenience and are not warranted by Randy Hutto, Realtors. Restrictive Covenants change frequently. Randy Hutto, Realtors, or its agent, brokers, affiliates cannot warrant the accuracy or completeness of any restrictive covenant(s) or deed restriction(s) posted on this site.

Randy Hutto
Randy Hutto Realtors LLC.
Ph: 512-894-0288
3998 E. Hwy. 290 W. Suite C
Dripping Springs, TX 78620 US
License # 0328942
www.randyhutto.com
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