Interest Only Loan Payment Calculator

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Ted Gehrke
Mortgage Originations in Arizona-Colorado
NMLS# 240314
ted@turboloans.com
Tatum Mortgage LLC
NMLS# 2466777 MB-1044875
8325 W. Happy Valley Rd. #120
Peoria AZ 85383
Phone: 602-881-1414
Independent Contractor MLO for
Tatum Mortgage LLC
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AZ: 602-881-1414
CO: 720-775-9866
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Tatum Mortgage LLC NMLS# 2466777 | MB-1044875

Independent Contractor Mortgage Originator with Tatum Mortgage LLC NMLS# 2466777

Figure Payment


Loan Amount ($)
Interest Rate (%)
Loan Term (Yrs)



Payment:

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.

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Mortgage Lending State: Arizona and Colorado

Contact us:

Ted Gehrke
Fax: 480-219-0849
Direct: 602-881-1414
Email: ted@turboloans.com

The data relating to mortgage loans and/or real estate for sale on this web site comes in part from the Mortgage 101 program. All data on this web site is deemed reliable but is not guaranteed.

This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other expert assistance is required, the services of a competent, professional person should be sought. The information contained in this publication is subject to change without notice.

TATUM MORTGAGE LLC MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. TATUM MORTGAGE LLC SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.