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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. ![]() Mo Money Financing, LLC - 1611 Market Street - Kirkland, WA 98033 Office Phone: (360) 862-9090 Fax: (888) 250-2058 We lend in Washington Lic #510-LO-34001 You can find great local Washington real estate information on Localism.com Maureen Sprague is a proud member of the ActiveRain Real Estate Network, a free online community to help real estate professionals grow their business. NationalHomeSearch.com
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