Interest Only Payment Option Calculator

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.

:: LEE GRAY LISTINGS :: BEAUFORT MULTIPLE LISTING SEARCH :: DR. TIRE :: 13 Acre Investment :: Multi-Family Investment :: 7.2 Acres General Commercial :: Corner Hwy 802 & Hwy.21 :: Beaufort, South Carolina :: Dataw Island :: Coosaw Point Plantation :: Cat Island :: Royal Pines :: Bull Point Plantation :: Spring Creek, North Carolina :: Saltus River Grill, Downtown :: Bateaux, Port Royal :: 11th St. Dockside, Port Royal :: Port Royal Landing Marina :: Lady's Island Marina :: Dataw Island Marina :: Why Choose Lee :: CONTACT LEE :: Guest Book :: Beaufort Gazette :: Marketplace :: Schools :: Weather :: Buyer's Resources :: Dream House Finder :: Pre-Qualify :: Free Buyer Reports :: Seller's Resources :: Market Analysis :: Free Seller Reports :: Calculators :: Mortgage Rates :: Credit Report ::

Call Lee Gray

(843)524-3007 office

(843)252-3006 cell

(843)252-3007 assistant

Email At Lee_Gray@comcast.net

CRB - Certified Real Estate Brokerage Manager