"Thanks again for your help in the refinancing of our home. You make it so hassle free in very little time. Best wishes and continued prosperity in all that you do."
-John and Jeannette Kahn

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.