Call Us At: (800) 636-8910

Call Us At: (800) 636-8910

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  
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  Loan Amount ($)
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Property Information
  Monthly Real Estate Taxes
  Monthly Hazard Insurance
  Monthly Mortgage Insurance
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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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 land home financial services  VITEK Mortgage Group, Inc., 3013 Douglas Blvd. #135, Roseville, CA 95661
Toll Free: (800) 636-8910  FAX: (916) 543-4708
Email: Doug@CalSTRSLoan.com
VITEK Mortgage Group is licensed by the CA Dept of Real Estate License # 01182013

 

 calstrsloan.com - EHL

NOTE:  CalSTRSLoan.com is not the official website of CalSTRS. The official website for CalSTRS is www.CalSTRS.com

 land home financial services  VITEK Mortgage Group, Inc., 3013 Douglas Blvd. #135, Roseville, CA 95661
Toll Free: (800) 636-8910  FAX: (916) 543-4708
Email: Doug@CalSTRSLoan.com
VITEK Mortgage Group is licensed by the CA Dept of Real Estate License # 01182013

 

 calstrsloan.com - EHL

NOTE:  CalSTRSLoan.com is not the official website of CalSTRS. The official website for CalSTRS is www.CalSTRS.com
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