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Coldwell Banker High Country Realty
157 Hiwassee Street
Murphy, NC 28906
Phone: (828) 342-5616
Fax: (828) 233-5575
The Accredited Buyer Representative (ABR®) designation is the benchmark of excellence in buyer representation. This coveted designation is awarded to real estate practitioners by the Real Estate BUYER'S AGENT Council (REBAC) of the NATIONAL ASSOCIATION OF REALTORS® who meet the specified educational and practical experience criteria.An arrangement by which real estate brokers place their listings together so that all members of the multiple-listing service have an opportunity to sell properties listed by other members of the service.A real estate agent is a REALTOR® when he or she becomes a member of the NATIONAL ASSOCIATION of REALTORS® (USA) or the Canadian Real Estate Association (Canada). The term REALTOR® is a registered collective membership mark that identifies a real estate professional who is a member of the NATIONAL ASSOCIATION of REALTORS® and subscribes to its strict Code of Ethics.SRES stands for Seniors Real Estate Specialist. The SRES designation acknowledges REALTORS® who have completed an education program that provides practical real estate training for the over 55 client. This program is above and beyond the education required to earn a real estate license.The e-PRO designation is NAR's online training program to certify real estate professionals as Internet Professionals. Comprehensive and interactive with other successful real estate professionals who are taking the course at the same time you are. e-PRO is the only designation program of its kind recognized nationwide and endorsed by the NATIONAL ASSOCIATION OF REALTORS® (NAR).The Christian Fish, also called the Jesus Fish or Ichthys, was a secret symbol of early Christianity.NAR’s Green Designation is the only environmental real estate designation addressing multiple specialties.Hold mouse over logo for description.
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Mortgage Calculator     
Calculators Provided by: IMAGEPROWEBSITE.COM

Interest-Only with Additional Payments Calculator

Input Information
Loan Information
Amount : ($)
Interest Rate : (%)
Length : (Years)
Additional Payment : ($)

Financial Analysis (Switch to Plain English)
  Interest-Only With Additional Payment
Average Monthly Payment : $729.17 $752.99
Months Paid : 360 360
Total Monthly Payments : $262,500.00 $271,076.25
Total Interests Paid : $262,500.00 $253,076.25
Interest Savings : $9,423.75
Balance : $250,000.00 $232,000.00
Equity Appreciation $0.00 $18,000.00
Plain English Help (Switch to Financial Analysis)

If you take out an interest only loan and then make additional payments, you might be able to save yourself some money over the long haul. If you take out a 30 year loan for $250,000.00 with a 3.500% interest rate, for example, the monthly payment would be about $729.17. This means you will pay $262,500.00 in interest at the end of the loan term.

If you pay an extra $50.00 per month, however, your average monthly payment will not be much more, only $752.99. At the end of the loan period, you will have paid $253,076.25 in interest. Since your extra payment will get your interest paid off sooner, you will save $9,423.75 in interest by paying an extra $50.00 each month. This will reduce the balance of your $250,000.00 loan to $232,000.00, which will result in $18,000.00 in loan appreciation.

DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or it's applicability to your financial situation. Please consult your own financial advisor.