GoldKey Interest-Only Mortgage
Strategic financing to fit your home and your plans.
Built to meet the strategic needs of clients with significant assets, a GoldKey Interest-Only Mortgage can provide valuable financial flexibility. Structured properly, this mortgage may be used as an interest deduction, to enhance investment returns, reduce tax liabilities,1 and improve liquidity management. Whether you’re planning on higher future earnings or on selling your property within a shorter time period, a GoldKey Interest-Only Mortgage can be a great option.
Overview
| Loan Amount | $806,501 to $3.5 million |
|---|---|
| Loan to Value (LTV) |
Up to 80% on $1.5 million |
| Interest Rate | Variable-rate options only: 10/6 mo., 7/6 mo., 5/6 mo.2 |
| Private Mortgage Insurance (PMI) |
Not required |
Features and Benefits
Initial Period of Interest-Only Payments
Make lower, interest-only payments during the first 10-years of the loan, when the full amount of each payment may qualify as tax deductible.1
Competitive Rates and Tiered Discounts
Finance your property at our latest competitive rate or qualify for an additional discount. Earn the GoldKey Discount when you have at least $250,000 in deposits or investments at KeyBank, or a Platinum Discount with at least $2 million in deposits or investments at Key.3
Various Property and Loan Types Supported
Use this mortgage to purchase or refinance primary residences and second homes, including single-family homes, condos, and planned unit developments.
Contact Us
We'll walk you through your options. With your rates, terms, and benefits in hand, you'll have everything you need to take the next step.
NOTICE: This is not a commitment to lend or extend credit. Conditions and restrictions may apply. All home lending products, including mortgage, home equity loans and home equity lines of credit, are subject to credit and collateral approval. Not all home lending products are available in all states. Hazard insurance and, if applicable, flood insurance are required on collateral property. Actual rates, fees, and terms are based on those offered as of the date of application and are subject to change without notice.
Adjustable Rate Mortgage (ARM) interest rates and payments are subject to increase after the initial fixed-rate period. During the interest-only period, the minimum monthly payment required is the interest due on the loan. Paying the minimum payment during the interest-only period will not reduce the principal loan balance. At the end of the interest-only period, the minimum payment required will increase to include both interest and principal payments.
Please consult your tax advisor.
Adjustable Rate Mortgage (ARM) interest rates and payments are subject to increase after the initial fixed-rate period (5 years for a 5/6 mo. ARM, 7 years for a 7/6 mo. ARM, 10 years for a 10/6 mo. ARM) and assume a 30-year repayment term. During the interest-only period, the minimum monthly payment required is the interest due on the loan. Paying the minimum payment during the interest-only period will not reduce the principal loan balance. At the end of the interest-only period, the minimum payment required will increase to include both interest and principal payments.
Typical loan payment examples for a 10/6 ARM are as follows: Monthly interest-only payments 1-120:
$4,438.36 with an interest rate of 6.750% / 8.299% APR. Monthly principal and interest payments 121-359:
$7,300.23 with an interest rate of 11.750% / 8.299% APR. Final monthly principal and interest payment of $7,300.01 with a rate of 11.750% / 8.299% APR.
Typical loan payment examples for a 7/6 ARM are as follows: Monthly interest-only payments 1-84:
$4,356.16 with an interest rate of 6.625% / 8.840% APR. Monthly principal and interest payments 85-359:
$7,475.33 with an interest rate of 6.625% / 8.840% APR. Final monthly principal and interest payment of $7,473.99 with a rate of 11.625% / 8.840% APR.
Typical loan payment examples for a 5/6 ARM are as follows: Monthly interest-only payments 1-60:
$4,273.97 with an interest rate of 6.500% / 7.688% APR. Monthly principal and interest payments 61-359:
$5,980.41 with an interest rate of 8.500% / 7.668% APR. Final monthly principal and interest payment of $5,975.78 with a rate of 8.500% / 7.668% APR.
Sample based on loan amount of $800,000 with a down payment of 20% or $200,000, and a 30-year term. Example rates and APR effective as of 5/21/2025 and are subject to change without notice. Above scenario assumes a first lien position and an excellent credit profile including a FICO score of 740 or higher, and a debt-to-income ratio of 36% or lower.
Learn more about estimated mortgage payments. The Annual Percentage Rate (APR) is the cost of credit over the term of the loan expressed as an annual rate. The APR shown is based on interest rate, points and certain estimated finance charges. Your actual APR may be different.
Deposit or Investment Requirement: GoldKey Discount is available to KeyBank borrowers with $250,000 or more in Eligible Deposits and/or Investments with KeyBank. An additional Platinum Discount is available to KeyBank borrowers with $2,000,000 or more in Eligible Deposits and/or Investments with KeyBank. “Eligible Deposits and/or Investments” for the GoldKey mortgage loan discounts include any combination of money on deposit or invested in any KeyBank personal checking, savings, investment, or equivalent Key Private Banking accounts that are owned by one or more of the mortgage loan applicants. An eligible checking account includes those consumer deposit accounts designated as personal checking accounts by KeyBank or the KeyBank Hassle-Free Account®. An eligible savings account includes those consumer deposit accounts designated as savings accounts by KeyBank, health savings accounts, certificates of deposit, or individual retirement accounts. Eligible investment accounts are investment accounts that are offered through Key Investment Services LLC (KIS)*. Minimum Eligible Deposits and/or Investment account balances must be in excess of any closing costs or down payment requirements associated with your loan and must be verifiable by no later than seven business days prior to closing.
Investment products are offered through Key Investment Services LLC (KIS), member FINRA/SIPC and SEC-registered investment advisor. Insurance products are offered through KeyCorp Insurance Agency USA, Inc. (KIA). KIS and KIA are affiliated with KeyBank National Association (KeyBank). Investment and insurance products made available through KIS and KIA are:
KIS, KIA and KeyBank are separate entities, and when you buy or sell securities and insurance products you are doing business with KIS and/or KIA, and not KeyBank.
NMLS# 399797. Equal Housing Lender.
