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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.




Citylights Financial - 29134 Roadside Drive - Agoura Hills, CA 91301
Office Phone: (800) 530-2489 Fax: (888) 450-7907

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RE/MAX Citylights Estates is an International Network of Independently owned and operated offices offering a variety of real estate and relocations services. RE/MAX Citylights Estates is at 29134 Roadside Dr.suite 107 Agoura Hills Ca. 91301 Citylights Financial Express Inc. and Citylights Commerical Lending Group Inc.is at 29134 Roadside Dr.suite106 Agoura Hills Ca. 91301  Re/MAX Citylights Estates is Lic. by the Ca. DRE #01355798 and Citylights Financial Express Inc. is also Lic.by Department of Corporations #603B921



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