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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.
 East Coast Mortgage and Financial Services Inc. - Pennsylvania: (215) 540-5200 Delaware: (302)498-0100 New Jersey: (609)398-9900 Maryland: (410)561-6006 Florida: (561)471-6000 Toll Free Phone: (800)353-9440
Licensed by the PA dept of Banking
Licensed by the CA, CT, DE, FL, MA, MD, NJ, SC, VA, and NM Depts. of Banking
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