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Updated almost 5 years ago,

Brandon Sok's profile image
Brandon Sok's profile image
Brandon Sok
  • Investor
  • from Bellbrook, OH
  • Member since May 21, 2016
  • Posts 63
  • Votes 39
  • Experience 8 Yrs
  • Investments 3
Connect

User Stats

63
Posts
39
Votes
Brandon Sok's profile image
Brandon Sok's profile image
Brandon Sok
  • Investor
  • from Bellbrook, OH
  • Member since May 21, 2016
  • Posts 63
  • Votes 39
  • Experience 8 Yrs
  • Investments 3
Connect
Brandon Sok
  • Investor
  • Bellbrook, OH
39
Votes |
63
Posts
Private Lending & Conventional Mortgage Advice

Calculating Balance Due on Interest Only Loan

Brandon Sok
  • Investor
  • Bellbrook, OH
Posted

I am getting a $205k private loan, interest-only, at 7%. 

Monthly Payments: $1,195.83

Let's say it takes 6 months for repairs and refi. What will I owe to pay off the balance at that 6 month mark?

Thanks in advance.

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