Interest Only


Interest only loan programs provide the same features as fixed and variable rate programs, and they additionally offer a lower payment option. With an interest only loan payment option, you pay only the interest portion of the payment but no principal.

Loan Program Advantages Disadvantages
Interest Only Programs
  • Several payment options
  • Lower monthly payments
  • Qualify for a higher loan amount
  • Qualify at the interest only payment
  • Option to pay the full principal and interest payment
  • Interest only payments for up to ten years
  • Higher rates
  • Principal loan balance will not decrease during the interest only payment period
  • Payment will be higher for the remaining term

An interest only loan can be more expensive compared to a fully amortized loan. Many lenders add a fee of one-quarter point for the interest only option.

Interest only payment options allow you to qualify at the starting interest only payment. This gives you more buying power and a lower monthly payment compared to an amortized loan.

You pay interest based on your principal balance. On an interest only loan, your principal balance does not decrease, therefore, you pay more interest with this option.




Atlas Mortgage Funding, LLC - 7136 Southeast Osprey Street - Hobe Sound, FL 33455
Office Phone: (772) 545-3138 Fax: (772) 545-3438 Toll Free Phone: (888) 602-8527
Email: info@atlasmortgagefunding.com


We are a Licensed in the following states:FL (License# MBB 0400967). NH (Licensed by the NH Banking Department, License# 10390-MBR), ME (CSO7272), CT(1st Mortgage License# 14888 & 2nd Mortgage License# 14889), MA (Licensed by The Commonwealth Of Massachusetts, License# MB5002).  We can also help secure financing in the following states: NY, NJ, RI, VT, PA, CO, OH, IN, KY, MT, WV, TN, VA, NC, SC, AL, MS, LA, GA, AR, MN, MO, WI, TX, OK, KS, ND, SD, WY, WA, MD, DC, DE, IL, OR, NV, IA, MI, NE, NM, AZ, UT, ID, CA, AK, HI, Puerto Rico & Guam.  FHA Coming Soon. 





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