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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.



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Dennis J. Wilson
REALTOR, GRI, SRES, AHWD, e-PRO
CENTURY 21 Access America
3850 Main Street
Bridgeport, CT 06606
Cell Phone: (203) 673-4272
Office Phone: (203) 374-9451
Fax: (203) 374-9706
Toll Free: (800) 722-0187
Website#2: DennisWilson.ListingBook.com
#1E-Mail: Dennis@ConnecticutPropertyGuy.com
#2E-mail: DennisWilson@Century21.com

CENTURY 21 Access America 

An Equal Opportunity Company. Equal Housing Opportunity.
All rights reserved.

© 2007 Century 21 Real Estate LLC. CENTURY 21® is a registered trademark licensed to Century 21 Real Estate LLC. Equal Housing Opportunity. Each office is Independently Owned and Operated.

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Century 21 Real Estate LLC shall be responsible or liable for any typographical errors, mapping errors, misinformation or misprints.

 



e-PRO Equal Housing Opportunity GRI - Graduate, REALTOR Institute SRES - Seniors Real Estate Specialist

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