An Interest Only Loan is a program where homeowners have an option to make interest only payments for a pre-defined period of time.  Adjustable and fixed rates are available.

New Loan Amount 
Interest Rate %
Term (in Years) 
=  # of Payments
=  Monthly Payment *

The most popular home loan is the Fixed Rate Mortgage providing the consumer with a guaranteed interest rate and a fixed monthly payment for the entire term of the loan.

New Loan Amount
Term in Months
(i.e. 360,180)
Interest Rate
Mortgage Payment *