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Interest-Only Calculator

See what your payments may be at all stages of an interest-only mortgage. Use this calculator to estimate your monthly or annual payments for an interest-only mortgage

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Note: Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide borrowing advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from a mortgage specialist.

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Our team of dedicated Senior Loan Advisors are here to help you find the right mortgage solution for your situation.

About Newfi’s IO Mortgage Calculator

Newfi is making it easier for people to see what mortgage payments they might be responsible for if they have a 40-year Interest-Only loan.

A highly respected Independent Mortgage Banker, Newfi uses this proprietary mortgage loan product to help borrowers that are looking to pay only the interest for an initial term of their home loans.

This Interest-Only Mortgage Calculator is made specifically for people borrowing for a home purchase or a home refinance using the innovative 40-year Interest-Only mortgage loan.

About Newfi’s IO Mortgage Calculator 

This benefits new homeowners who might be getting used to a mortgage payment, or using savings for furnishing the home, or taking care of other costs of the first years of home ownership.

Some borrowers look to the 40-Year IO to compare their current mortgage payment to one where they would just be responsible for the interest.

A “Cash-Out” IO mortgage loan would offer Interest-Only payments. It makes borrowing money even cheaper (think of it like a bank account) and allows you to make the value in your home work for you.

We know that mortgage rates are on the rise after being dropped to historic lows as a means of stimulating the economy during the recent housing crisis due to the pandemic. As rates rise, Newfi offers this product with a 40-year term, and only reliable interest-only payments over a starting period.

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