Fixed rate mortgages offer a stable
interest rate and predictable monthly payment for the life of the loan.
Interest-only loans are very different, often featuring an interest rate
that will adjust in the future, as well as requiring the eventual
repayment of the principal. Sharply higher payments in future periods
can result.
Calculator:
Fixed Rate Mortgage vs. Interest Only Mortgage
Use this calculator to compare the payments on a fixed rate mortgage with an interest-only mortgage.
Lakeview Office - 2044 W. Roscoe, Chicago IL 60618-6227 | 773-524-4444 Lincoln Square Office - 4762 N. Lincoln, Chicago IL 60625 | 773-293-1200 Lincoln Park - 912 W. Armitage, Chicago IL 60614 | 312-948-2555 Wheaton Office - 923 E. Roosevelt Rd, Wheaton IL 60187 | 630-690-6900
Century 21 Sussex and Reilly is committed to placing the real estate professional
in the best position to deliver the highest level of satisfaction for the
client through the integration of state-of-the-art technology, marketing,
training, professional development and superior management. We believe in
creating solid mutually beneficial relationships guided by the principles
of integrity, loyalty, dedication and strength of character in the quest
for prosperity in business and in life.
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