Interest Only Payment Calculator
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.  Excellent Mortgage - 500 N. Valley Mills Dr., Ste. 213 - Waco, TX 76710 Office Phone: (254) 741-9440 Fax: (254) 741-9559 We lend in the following states: TX © 2010 Myers Internet All Rights Reserved Powered by: Myers Internet | Admin Login |
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