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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.



211 N LOOP 1604 SUITE 260 - San Antonio, TX 78232
Office Phone: 210-491-2502 Fax: 866-392-2220 Cell Phone: 210-838-3310


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You can find great local Texas real estate information on Localism.com Jennifer McGuire is a proud member of the ActiveRain Real Estate Network, a free online community to help real estate professionals grow their business.

In accordance with Section 326 of the USA PATRIOT Act of 2000, all lenders are required to obtain a copy of the documents used in identifying our new account customers. This notice is being provided to your for adequate notice given under this act.

Please note that the information above is not intended to be any decision of, or commitment to, any loan type or amount of loan for which one may qualify with any financial institution. The information is not intended to extend any legal, tax, or financial advice. The accuracy of the information contained in this advertisement is not guaranteed. Please consult a loan professional to learn more about your eligibility for and availability of a particular loan product.

 



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