Interest Only Loan Calculator

First, Interest-Only is not a loan type, it is a payment option on many loans. It basically allows for only interest to be paid over the first few years of the loan. At the end of that few years, the full amount of the loan is still remaining. The advantage of this option is the payments made to the loan company will be less during that initial phase, but no portion of the payment will be applied to the principal. Would your payments be less if you elected the interest-only option of re-payment? Complete the form below and click on "Calculate" button.

Input Information
Total Home Loan Amount:$
Annual Interest Rate: %
Term of the Loan: years

These calculators are for comparison and informational purposes only, and do NOT represent a loan commitment, loan application, or any such guarantee of financing, mortgage rates, or mortgage payments. Any schedule or result can change due to daily fluctuations in interest rates, tax laws, and or fees and schedules that vary by area. For actual current rates, or to submit a loan application, please contact us. We can help you set an appointment with a loan officer.

Contact the Market Hill Homes team at (877) 686-9755.