MERIDIAN PROPERTY GROUP Excellence in Real Estate
PH:  (909) 941-0201
10722 Arrow Route #500
Rancho Cucamonga, CA 91730

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.

Scott Cheramie
Meridian Property Group
Ph: (909) 941-0201
10722 Arrow Route #500
Rancho Cucamonga, CA 91730 US
www.meridianpropertygroup.net
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