New Jersey Real Estate & Homes for Sale - Monmouth County and Ocean County Real Estate- Two River Realty 732-842-3006
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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.

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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.

Philip VonSchondorf
Two River Realty
Ph: 732-842-3006Fax:732-842-3009
524 Prospect Ave
Little Silver, NJ 07739 US
Licensed Real Estate Broker 0903529
www.tworiverrealty.com
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