DAVID TURNER  

THERE'S NO SUBSTITUTE FOR EXPERIENCE!

phone 423-894-2900 direct 423-994-0744  

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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.

 

 
 
   

 
David Turner
RE/MAX Properties
Ph: 423-894-2900  -  Fax: 423-779-1329
6024 Shallowford Road, Suite 100
Chattanooga, TN 37421
www.davidturnerhomes.com

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