Interest Only Loan Payment Calculator

Phil Joseph
Branch Manager

Sr. Mortgage Loan Originator

Over 30 Years' Experience
Movement Mortgage

Rancho Bernardo Branch
11770 Bernardo Plaza Court #451

San Diego California 92128

Direct: 619.507.3558

Fax: 858.430.2557
Email: Phil@PhilJoseph.com

Website: www.PhilJoseph.com
NMLS# 249549

Licensed in California by the Department of Business

Oversight under the Residential Mortgage Lending Act 417-0015

Movement Mortgage may not be the lender for all products offered on this website. Some loans may be made by a lender with whom American Pacific has a business relationship. Equal Housing Opportunity.

Phil Joseph
Branch Manager

Sr. Mortgage Loan Originator

Over 30 Years' Experience
Movement Mortgage

Rancho Bernardo Branch
11770 Bernardo Plaza Court #451

San Diego California 92128

Direct: 619.507.3558

Fax: 858.430.2557
Email: Phil@PhilJoseph.com

Website: www.PhilJoseph.com
NMLS# 249549

Licensed in California by the Department of Business

Oversight under the Residential Mortgage Lending Act 417-0015

Movement Mortgage may not be the lender for all products offered on this website. Some loans may be made by a lender with whom American Pacific has a business relationship. Equal Housing Opportunity.

Interest only mortgage

An interest-only mortgage provides flexibility to the borrower during the early years of the loan. Borrowers can pay only interest, or can choose to repay some portion of the loan balance as they see fit. However, interest-only payments only last for an initial period of years, then the amount borrowed must be repaid over a shorter period of time. This change may produce a significant increase in payments.

	Loan Information
			Zip Code
			Loan Amount ($)
			Interest Rate
	Property Information
			Monthly Real Estate Taxes
			Monthly Hazard Insurance
			Monthly Mortgage Insurance
			Monthly Homeowners Assoc Dues

This calculator estimates monthly interest-only payments. The results displayed above are only estimates and cannot be used to determine actual loan costs or be used as a guarantee. Please consult your tax advisor for information on the deductibility of interest for tax purposes. Refinancing or taking out a home equity loan or line of credit may increase the total number of monthly payments and the total amount paid when comparing to your current situation.