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.
 Community Mortgage - 5534 St. Joe Road - Fort Wayne, IN 46835 Office Phone: (260) 485-5555 Fax: (260) 485-3540 Cell Phone: 574-457-6643 Toll Free Phone: 800-333-2992
We lend in the following states: INDIANA
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