Matt Noel
Your Real Estate Resource
PHONE:  (225) 925-2500 DIRECT:  (225) 931-9723
5025 Bluebonnet Blvd, Baton Rouge , LA 70809

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.

Mortgage and Expense Information

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Resulting Payments

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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.

Matt Noel
Coldwell Banker ONE
Ph: (225) 925-2500Fax:(225) 925-1119
5025 Bluebonnet Blvd
Baton Rouge , LA 70809 US
www.mattnoel.com
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MATT NOEL, ABR, e-Pro REALTORĀ®|Agent Coldwell Banker ONE 225 215.3610 direct 225 931.9723 cell 225 925.2500 office 225 925.1119 fax www.MattNoel.com 2011 Coldwell Banker ONE Consultant of the Year Baton Rouge, LA. Each office independently owned and operated. Licensed by the Louisiana Real Estate Commission.