Home Hunters Real Estate
Neighbors Serving the Neighborhood for Over 3 Decades
PHONE:  (718) 326-2400
65-17 Grand Avenue, Maspeth, NY 11378

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.

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MaryAnna Zero
Home Hunters Real Estate
Ph: (718) 326-2400Fax:(718) 326-3626
65-17 Grand Avenue
Maspeth, NY 11378 US
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