Need to look at primerica, marketing arm for citi bank. They offer simple intrest loans. The loan is recaculated every time a payment is made, unlike schulded structured loans. If you choose to make bimonthly payments they deduct 1/4%. If you have a b or less credit rating and are on time with your payments they will deduct 1% more. They loan 95% ltv with no pmi. That's huge. Intrest only loans are good for poeple not staying in their home for very long. Hopefully your are not looking at a prepayment penality, find out before you make a move.