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The Broker, Call
206-200-LEND
(5363)
Wednesday, September 20, 2017
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Interest only mortgage

An interest-only mortgage provides flexibility to the borrower during the early years of the loan. Borrowers can pay only interest, or can choose to repay some portion of the loan balance as they see fit. However, interest-only payments only last for an initial period of years, then the amount borrowed must be repaid over a shorter period of time. This change may produce a significant increase in payments.

Loan Information  
  Zip Code
  Loan Amount ($)
  Interest Rate

Property Information
  Monthly Real Estate Taxes
  Monthly Hazard Insurance
  Monthly Mortgage Insurance
  Monthly Homeowners Assoc Dues
 
 
 
 


This calculator estimates monthly interest-only payments. The results displayed above are only estimates and cannot be used to determine actual loan costs or be used as a guarantee. Please consult your tax advisor for information on the deductibility of interest for tax purposes. Refinancing or taking out a home equity loan or line of credit may increase the total number of monthly payments and the total amount paid when comparing to your current situation.
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Evergreen State Mortgage MB-98904 | Ph: 206-200-LEND(5363) or ph 2: 425-867-1313 | fax: 855-867-1414
Financeman@EvergreenStateMortgage.com
A DBA and Branch of Evergreen State Advisory Services, Inc.
8201 164th Ave NE, Suite 200 | Redmond, WA 98052
Copyright © 2017 Evergreen State Mortgage. All Rights Reserved | www.nmlsconsumeraccess.org

Evergreen State Mortgage MB-98904 | Ph: 206-200-LEND(5363) or ph 2: 425-867-1313 | fax: 855-867-1414
Financeman@EvergreenStateMortgage.com
A DBA and Branch of Evergreen State Advisory Services, Inc.
8201 164th Ave NE, Suite 200 | Redmond, WA 98052
Copyright © 2017 Evergreen State Mortgage. All Rights Reserved | www.nmlsconsumeraccess.org