Mortgage Consolidation & Refinance
This calculator will help you to decide whether or not it would be advantageous for you to refinance either a single mortgage, or the consolidation of a first and second mortgage, into a single mortgage. Not only will this calculate the monthly payment and net interest savings (if applicable), but it will also determine how many months it will take to break even on the closing costs (if applicable).
This is not directly related with interest only loans. But it still gives an exellent piece of advice.
This is not directly related with interest only loans. But it still gives an exellent piece of advice.