Sunday, June 7, 2009

Interest Only Calculator

Interest Only Calculator is useful for calculating change of interest only. You can calculate after how many months or years your interest rate can change and how much you have to pay interest for your loan. This calculator gives flexibility to the borrowers that they can either repay some portion of their loan or pay interest only.
Steps to calculate:
  • Fill out your principle amount
  • Interest rate
  • Time period of repaying your loan
  • Click on 'Calculate' button
It will show you the financial analysis which will include monthly payment and interest figures. Check out this link for using Interest only calculator http://eaglenationwidemortgagetx.com/calculators/interest-only-calculator.php

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