St. James Mortgage Online offers you these FREE loan payment calculators to help determine your estimated monthly mortgage payment based on the variables you enter below. Choose between a Fixed Rate, Balloon Payment or Interest Only loan calculator by selecting from the list to your left. By default, the Interest Only Calculator is on this page, as it is one of our most popular loan options. Interest Only Loan Payment Calculator Current Rates Purchase Amount: 15 Yr. Fixed 7.75% APR Down Payment: 5 Yr. Fixed 7.5% APR Select Loan:   3 Year Interest Only 1 Year Interest Only 12 Month Balloon 6.5% APR Results:   2 Year Balloon 6.625% APR Loan Amount: $0.00 3 Year Balloon 6.75% APR Loan Type 5 Year Balloon 7.25% APR Interest Rate % 1 Year Interest Only 6.5% APR Years: 3 Year Interest Only 6.75% APR Result:     A minimum down payment of 5% of the purchase amount is required. For adjustable rate mortgages, the APR is subject to increase after the initial fixed-rate period. Rates and terms area subject to change without notice. Interest rates assume credit history in good standing. Additional fees and closing costs apply. Other restrictions may apply. The estimated monthly payments featured here do not include property taxes, homeowner's insurance, private mortgage insurance, homeowner association dues or other potential costs. Representative example for loan terms: A 15-year fixed mortgage loan of $200,000 at 7.5% APR would have 180 monthly payments of $1,854.00 each Note: these figures may not be exact due to rounding, but should give you a very good idea of what you can afford. Thank you to our friends at Falcon Enterprises for their great mortgage calculators