Wednesday, September 8, 2010

Interest-Only Calculator

Calculates payments for an interest-only mortgage.

Please enter the following:
Principal
Interest (APR)
Length of Loan
Additional Monthly Payment
 
DISCLAIMER: The figures above are based upon conventional program guidelines. Other loan programs are available. Calculations by this tool are believed to be accurate, yet are not guaranteed. Further review is necessary to obtain an exact qualification. If you have less than 20% equity in your home, a monthly mortgage insurance payment may be required.


 

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