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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. Guild Mortgage Company - 5075 Shoreham Place Suite 260 - San Diego, CA 92122 Office Phone: (858) 457-6800 x 228 Fax: (858) 605-6767 Cell Phone: (619) 857-1657
Licensed to do business in California, Arizona, and Nevada. AZ BR #0018883. © 2010 All Rights Reserved |
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