Interest-Only Home Loan Payment Calculator: Interest-Only Mortgages
https://www.mortgagecalculator.org/calculators/interest-only-calculator.php
WEBThe attraction of an interest-only loan is that it significantly lowers your initial monthly mortgage payment. Using our above estimator, on a $250,000 loan with a 2.75 percent interest-only rate, you can expect to pay $572.92 monthly, compared to $1,088.02 for a conventional 30-year, fixed-rate loan at 3.25 percent interest.
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