Excel Funding Real Estate Services, Inc.
Mortgage & Real Estate Sales
PHONE:  (310) 784-2828 x225
28924 South Western Avenue, Suite 100, Rancho Palos Verdes, CA 90275

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.

Frances Baldwin
Excel Funding Real Estate Services, Inc.
Ph: (310) 784-2828 x225Fax:(310) 784-2829
28924 South Western Avenue, Suite 100
Rancho Palos Verdes, CA 90275 US
Licensed Real Estate Broker CalBRE#01866188 NMLS#332480
www.excelfundingres.com
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