Skip to content
Buying & Selling Real Estate

User Stats

18
Posts
1
Votes
Silas Johnson
  • Contractor
  • Kunia, HI
1
Votes |
18
Posts

interest only loan

Silas Johnson
  • Contractor
  • Kunia, HI
Posted Mar 31 2016, 17:48

Ola,

How does an interest only loan work? Lets say for example I want a hard money loan for $185,000 interest only at 9% for 2 years. Does that make my total paid after 2 years = 16,650 / 24 months = $693.75. Thanks for any help

Loading replies...