Refinance Mortgage, Lowest Mortgage Rates - ERATE
     Best Mortgage Rates Source for over 15 Years

Fixed Rate Interest Only Mortgages
30 Year, 20 Year, 15 year

See also:
Interest Only 5/1 ARM
Interest Only Loans have Risks
Interest Only Mortgages Leverage...?

Interest Only Fixed Rate Mortgages

How they work.

They are usually fully amortizing fixed rate loans that may have a term of 10, 15, 20 or 30 years.

An Interest Only Fixed-rate Mortgage that is amortized over 30 years permits the borrower to pay interest only for the initial interest-only period of 10 or 15 years.

Following the initial interest-only period, the outstanding principal balance will be re-amortized over the remaining term of the loan. This will most likely cause the borrower's monthly payment to increase, since it will now include a payment of principal and interest. Interest Only Fixed-rate Mortgages will fully amortize by the end of a 30-year term.

Interest Only Mortgage Rates
Quick Form - Get 4 Interest Only Rate Quotes

Reduce your monthly mortgage payment by getting an Interest Only Mortgage
Service and Data Privacy provided by SecureRights
This is FREE! No Credit Check and No Obligation.
Loan Type
Property Location
Property Type

(No mobile or manufactured homes)
HACKER SAFE certified sites prevent over 99.9% of hacker crime.
SecureRights collects and transfers your information to complete your request. By submitting your request you agree to be contacted in accordance with SecureRights Privacy Policy. View SecureRights Licenses.

Lenders offer the following two Interest Only Fixed-rate Mortgage options:

  • 10/20 Interest Only Fixed-rate Mortgage - a 30-year fixed-rate mortgage with a 10-year initial interest-only period followed by a 20-year fully amortizing period.
  • 15/15 Interest Only Fixed-rate Mortgage - a 30-year fixed-rate mortgage with a 15-year initial interest-only period followed by a 15-year fully amortizing period.

    Conforming Loan Limits
    Number of Units Loan Amount
    1 Unit $417,000
    2 Units $533,850
    3 Units $645,300
    4 Units $801,950




  ERATE is a BBB Accredited Mortgage Broker in Santa Clara, CA  
 Advertise on ERATE 
ERATE on Twitter
The information contained on this website is provided as a supplemental educational resource. Readers having legal or tax questions are urged to obtain
advice from their professional legal or tax advisors. While the aforementioned information has been collected from a variety of sources deemed reliable,
it is not guaranteed and should be independently verified.
Copyright 1999-2016 ERATE All rights reserved ·ERATE does not fund or broker mortgages or loans.
ERATE · 4701 Patrick Henry Dr · Santa Clara · CA · 95054-1863

ERATE iPhone App - iTunes