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Interest Only Payment Calculator
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. ![]() HG Mortgage - 2900 Glades Circle Suite #700 - Weston, FL 33327 Office Phone: (954) 349-3960 Fax: (954) 337-5853 Cell Phone: (954) 557-4653 :: Pre-Qualify :: Purchasing :: Refinance :: Loan Programs :: Apply Now :: Request Loan Status :: Calculators :: Loan Process :: FAQ :: Forms :: Contact Us :: Client Testimonials :: Staff Directory :: About Us :: Tell-A-Friend :: Credit Report :: Marketplace :: Home :: Providing Residential and Commercial loans in the State of Florida
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