Interest Only Payment Calculator

Loan Amount:
Interest Rate1:		%

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.

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Community Mortgage Group - 4 Park Center Drive, Suite 200 - Owings Mills, MD 21117
Office: 443.394.2505 Fax: 443.394.2508 Toll Free Phone: 1.877.553.1275

 

We lend in the state of Maryland

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