Home > Interest Only Payment Option Calculator
Interest Only Payment Calculator
| 30-Year Principal and Interest Payment: |
$599.55 |
| Interest Only Payment2: |
$500.00 |
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.
 Neighborhood Mortgage - 1835 Lockeway Drive Suite 306 - Alpharetta, GA 30004 Office Phone: 678-990-8600 Fax: 678-990-8601 Toll Free Phone: 1-877-208-6451
Equal opportunity Lender
Neighborhood Mortgage is a Georgia Residential Mortgage Licensee # 16837 , Tennessee Registrant # and a HUD approved Lender.
National Mortgage Licensing System Registration #138234
 
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