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Interest Only Payment Calculator


Loan Amount:
Interest Rate1: %
 



Payment Options
30-Year Principal and Interest Payment:   $599.55  
Interest Only Payment2:   $500.00  
Monthly Savings3:   $99.55  

Assumptions:

1 The interest-only payment and the monthly savings will change as the interest rate changes. Rates are for calculation purposes only, please call your loan officer for rate quotes.

2 The interest-only payment option is only available during the initial interest only payment period. This is only in the first ten to fifteen years. Some programs have shorter initial interest only periods. For example: on a 5/1 ARM, the interest-only period may be only the first five years.

3 Monthly savings is based on the thirty-year, amortized principal and interest payment.



Michael Bullock - 2151 E Broadway RD Suite 120 - Tempe, AZ 85282


We lend in the following states: AZ, CA, NM, MS, ID

Homeowners Financial Group

BK#0906222

 



AAMB - Arizona Association of Mortgage Brokers Equal Housing Lender Equal Housing Opportunity MBA NAMB - National Association of Mortgage Brokers

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