The Money Center, Inc.
Residential & Commercial Lending
PHONE:  (281) 296-2265
3730 FM 1960 WEST #106, HOUSTON , TX 77068

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

$
Calculate Now!

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.

Andrew Luther
The Money Center, Inc
Ph: (281) 296-2265 Fax:281-296-8782
3730 FM 1960 WEST #106
HOUSTON , TX 77068 US
License # 300457
www.moneyctr.com
Home Calculators Pre-Qualify Now Apply Online Purchasing Refinance Need Cash? Imperfect Credit? Interest Rates Market Place Mortgage FAQs Mortgage Links Mortgage Articles Mortgage Glossary Mortgage Reports Local Area Local Schools Local Weather About Us Sign My Guest Book Contact
Powered by LinkURealty - Real Estate Web Design & Websites