Interest Only Payment Calculator
 |
|||
|
% | |
|
|
| Payment Options | ||
| Interest Only Payment2: | ||
| Monthly Savings3: | ||
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.
 AMIC - Headquarters 707 Alexander Road, Suite 208 - Princeton, NJ 08540 Office Phone: (609) 452-1400 Toll Free Phone: (800) 301-1500 Licensed New Jersey DOBI & Pennsylvania Department of Banking | NMLS 144912 
© 2012 All Rights Reserved Admin Login |