Hard Money Interest Only
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01-17-2018, 09:06 AM
Kickin' hippies' a**es and raisin' h*ll!
Join Date: Aug 01 2006
Location: Brazos Valley
With an interest only loan, there's not really any amortization as you are not paying down the principle.
To calculate the monthly payment, you simply multiply the loan amount by the annual rate, then divide by 12.
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