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Interest Only Mortgage Calculator Definitions

Monto de la hipoteca

Saldo inicial o proyectado de su hipoteca.

Term of loan

The total number of years over which you will make payments. This calculator assumes that after any interest only period has expired, the monthly payment will increase so that the remaining balance will be amortized over the remaining years of the loan. This will result in the balance being paid in full at the end of the loan term.

Interest only period

The number of years this loan requires interest only payments. At the end of this period, the loan payment will increase so that the remaining balance will be amortized over the remaining years of the loan.

Tipo de tasa de interés

Annual interest rate for this loan.

Pago mensual

This is the initial monthly payment. This payment includes only the interest on the loan balance.

Pagos totales

Total of all monthly payments over the full term of the loan. Este monto total de pago asume que no se realizan prepagos de capital.

Interés total

Total of all interest paid over the full term of the loan. Este monto total de intereses asume que no se realizan prepagos de capital.

Tipo de prepago

La frecuencia del prepago. Las opciones disponibles son: ninguno, mensual, anual o pago único.

Monto del prepago

Amount that will be prepaid on your loan. This amount will be applied to the loan principal balance, based on the prepayment type.

Comience con el pago

Este es el número del pago con el que comenzarán a aplicarse los prepagos. Para un pago único, este es el número del pago en el que se incluirá el prepago único. Se supone que todos los prepagos de capital serán recibidos por el agente de préstamo a tiempo para ser considerados en el cálculo de intereses del mes siguiente. Si elige realizar un prepago único para el pago número cero, se supone que este prepago se efectúa antes del primer pago del préstamo.

Cuenta de ahorro

Total amount of interest you will save by prepaying your loan.

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