home  |  fha  |  refinance  |  home purchase  |  commercial  |  reverse mortgages  |  state licenses  |  faq         Interest-Only Calculator     Type in the following variables to find out your interest only payment Loan Amount Enter numerical digits only (i.e. $100,000 = 100000) Interest (APR) % Length of Loan 50 Years 40 Years 30 Years 20 Years 15 Years 10 Years 7 Years 5 Years       DISCLAIMER: The figures above are based upon conventional program guidelines. Other loan programs are available. Calculations by this tool are believed to be accurate, yet are not guaranteed. Further review is necessary to obtain an exact qualification. If you have less than 20% equity in your home, a monthly mortgage insurance payment may be required.