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.



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. 

Real Estate Broker #00201485 – California Department of Real Estate
Licensed by the Department of Corporations under the California Residential Mortgage Lending Act

Privacy Policy

Equal Housing Lender ada





© 2010 All Rights Reserved