Office 469-573-1694 Homes on the Lake Realty, LLC - 2831 Eldorado Pkwy Ste 103-118 • Frisco, TX 75033

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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Resulting Payments


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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Homes on the Lake Realty, LLC
Ph: 469-573-1694
2831 Eldorado Pkwy Ste 103-118
Frisco, TX 75033 US
Licensed Real Estate Broker 9006685