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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.



Meridian Financial, Inc - Corporate Office: 310 SE Hernando Ave - Lake City, FL 32025
Orlando Office: (407) 374 - 6050 Fax: (800) 591 -4706
Email: closequickinfo@gmail.com




Equal Housing Lender FAMB - Florida Association of Mortgage Brokers

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