Interest Only Mortgage

Build wealth faster
with an interest-only mortgage.

Low monthly payments, high tax savings.
Put as little as 15% down on loans up to $3M.

See Your Rates

Checking your rate will not affect your credit score.

Why SoFi?

Affordable
Down Payments

Put 15% to 50% down—no expensive private mortgage insurance required.

Just
Interest

Pay just interest for the first 10 years. Pay back the principal over the next 30 years.

Big
Savings

During the interest-only period, your monthly payment is normally tax-deductible1.

Easy
Process

See what you prequalify for online in just two minutes.

Fast
Financing

Typical applications close in less than 30 days.

No Hidden Fees,
No Catch

No origination or lender fees and no prepayment penalties.

See Your Rates

WHAT CAN YOU SAVE WITH AN INTEREST-ONLY MORTGAGE?

7/1 ARM2 Interest Only 7/1 ARM2,3
Minimum Down Payment
Minimum Down Payment 10% 15%
Term
Term 30 Years 40 Years
Loan Amount
Loan Amount $1,000,000 $1,000,000
APR*
APR* 3.274% 4.150%
Interest
Interest $2,728.33 $3,458.33
Principal
Principal $1,636.91 $0
Monthly Payment
Monthly Payment $4,365.25 $3,458.33
Tax Deduction
30% tax bracket
Tax Deduction
30% tax bracket
-$818.50 -$1,037.50
After-tax Payment
After-tax Amount $3,546.75 $2,420.83
Save $1,125.91
  • SoFi Lending Corp.
  • SoFi Mortgage, LLC
SoFi Lending Corp. (NMLS# 1121636) is licensed to originate mortgages in Alabama, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Illinois, Indiana, Maryland, Minnesota, Montana, New Jersey, New York, North Carolina, North Dakota, Oregon, Pennsylvania, Rhode Island, Tennessee, Texas, Utah, Vermont, Washington, Washington, D.C., Wisconsin, and Wyoming.
SoFi Mortgage, LLC (NMLS# 1484615) is an affiliate of SoFi Lending Corp. that offers additional geographies and products not always available under the SoFi Lending Corp. license. SoFi Mortgage, LLC is licensed to originate mortgages in Alabama, Alaska, Arizona, Arkansas, Colorado, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Michigan, Minnesota, Mississippi, Montana, Nebraska, New Hampshire, New Jersey, New Mexico, North Carolina, North Dakota, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Dakota, Texas, Tennessee, Washington, Washington, D.C., Wisconsin, and Wyoming. Products and terms may vary from those advertised on this site.
View Mortgage Licenses and Eligibility
My experience with SoFi has been wonderful. They had competitive rates, excellent customer service and an easy process using the latest technologies - I was able to e-sign most of my mortgage documents right from my phone. - Kyle L. Kyle Lui

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  • SoFi Lending Corp.
  • SoFi Mortgage, LLC
SoFi Lending Corp. (NMLS# 1121636) is licensed to originate mortgages in Alabama, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Illinois, Indiana, Maryland, Minnesota, Montana, New Jersey, New York, North Carolina, North Dakota, Oregon, Pennsylvania, Rhode Island, Tennessee, Texas, Utah, Vermont, Washington, Washington, D.C., Wisconsin, and Wyoming.
SoFi Mortgage, LLC (NMLS# 1484615) is an affiliate of SoFi Lending Corp. that offers additional geographies and products not always available under the SoFi Lending Corp. license. SoFi Mortgage, LLC is licensed to originate mortgages in Alabama, Alaska, Arizona, Arkansas, Colorado, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Michigan, Minnesota, Mississippi, Montana, Nebraska, New Hampshire, New Jersey, New Mexico, North Carolina, North Dakota, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Dakota, Texas, Tennessee, Washington, Washington, D.C., Wisconsin, and Wyoming. Products and terms may vary from those advertised on this site.
View Mortgage Licenses and Eligibility
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