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Interest Only Mortgage CalculatorsCalculating your payment for a simple interest mortgage does not require a complicated calculator as does a fully amortizing mortgage. To find your payment, simply multiply your loan amount by your interest rate. This will give you the annual amount of interest due on your loan. Take that amount and divide by 12 to find your monthly payment. Interest only mortgage options are now available with many loan types. Read more about these interest only options. Of all of the interest only programs available, the Cash Flow Interest Only Mortgage offers the greatest flexibility by far. The new Asset Manager is a creative mortgage which gives you significantly lower interest only payments and build equity faster. I have an article "Buying your home in 2008" by email explaining negotiating strategy in today's market. As a Certified Mortgage Planning Specialist, I offer an analysis of your situation today can make suggestions on how small changes in how your debt is structured today can have a life changing effect in the years to come. Read more about this free, no obligation service. New! View my Wealthbuilder presentation and learn the safe way to manage your debt and fund your retirement. I hope the information on this page was useful to you. Please scroll down to view my Mortgage Market Guide. It is a weekly publication explaining the financial markets from a consumer's perspective that is available on this website or by email subscription. I have nearly 8,000 subscribers today and would be happy to have you as well. Your email address will never be used for any other purpose.
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