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Lowest Rate Mortgage, Mortgage Loan, Fixed Rate Mortgage, low interest loan
lower mortgage payment, save money, lower interest rate, California, Arizona
Amortization Comparison:
Fixed Rate Mortgage vs. Interest Only Mortgage Loan
(assumes continuation of previous monthly payment) 

 
Use the calculator below to calculate the how much more your principal balance is reduced by continuing to pay your old mortgage payment while on a interest only mortgage loan.

Payment Difference: Standard Fixed Rate VS. Interest Only Loans
Loan Amount:
(Numbers only: i.e. 100000)

Number of Years:

Fixed Rate:%      Interest Only Rate:%
(As decimal: i.e. 7.25)
lower mortgage payment, save money, lower interest rate, California, Arizona

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