California Oaks Real Estate "A House Sold Name"
Office 805-648-5555 Direct 805-290-3982
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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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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.

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California Oaks Real Estate
California Oaks Realtors, Inc.
Ph: 805-648-5555Fax:805-648-5584
298 S. Seaward Ave.
Ventura, CA 93003-2768 US
Licensed Real Estate Broker 01183877
www.caloaks.net
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