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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.




Liberty Home Mortgage - 3010 LBJ Freeway Suite - Dallas, TX 75234
Office Phone: 972-466-2551 Fax: 1-800-466-5216 Toll Free Phone: 1-866-374-4427


Commercial Stated Income Loan , SBA and Conventional Loan,

We are Residential and Commercial Mortgage Broker and Hard Money Lender.

                                          Commerical Financing Available in All 50 States.

Texas Mortgage Broker Lic # 2706



Equal Housing Lender REALTORŪ

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