Gold Star Mortgage Services Call Us At (434) 476-9800
164 South Main Street, Halifax, VA 24558
Phone  434-791-4011 Fax  434-791-4026

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.

Janis Chenery
Gold Star Mortgage Services
Ph: 434-791-4011Fax:434-791-4026
164 South Main Street
Halifax, VA 24558 US
License # MC=1371
www.goldstarmtg.com
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