How to Compute an Interest-Only Payment

It's simple to figure mortgage interest. Take an unpaid loan balance of $200,000 and multiply it by the interest rate. In this case, the rate is 6.5%. That number is $13,000 of interest, which is the annual amount of interest. Divide $13,000 by 12 months, which will equal your monthly interest payment or $1,083.
This article "How to Compute an Interest-Only Payment" will be helpful to who are looking for "" related home loan informations.
How to Compute an Interest-Only Payment
It's simple to figure mor...

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