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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Preferred Home Loans - 11314 4th Avenue West, Ste#111 - Everett, WA 98204
Office Phone: (425) 355-4663 Fax: (425) 355-4600
Cell Phone: (425) 870-4663 Email Address: dan@gethomeloans.com

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Licensed by the Department of Corporations under the California Residential Mortgage Lending Act. Licensed to do business in Washington and California.

A Division of Guild Mortgage Company, NMLS #3274

WA Consumer Loan Branch License # 520-CL-48605-48620

  

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