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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. Moneyline New York, LLC - 311 Alexander Street, Suite 214 - Rochester, NY 14604 Office Phone: (585) 325-1760 Fax: (585) 325-1811 Toll Free Phone: 1-(888) 350-0288 ¡Hablamos Español!: 1-(888) 201-4840 :: Apply Now :: Pre-Qualify :: Spanish Speaking Loan Officers :: FHA Home Loans :: USDA Rural Housing Loans :: Loan Programs :: Purchasing :: Refinance :: Refinance Calculator :: Debt Consolidation :: Need Cash? :: Imperfect Credit? :: Interest Only :: Home Equity Loan :: Request Loan Status :: Calculators :: Credit Grade Calculator :: Loan Process :: Loan Application Instructions :: FAQ :: Forms :: Contact Us :: About Us :: Tell-A-Friend :: Privacy Policy :: Pittsford Homes Inc. :: Marketplace :: Home :: Employment :: We offer mortgage loans in the State of New York Rochester, Buffalo, Finger Lakes, Syracuse, Binghamton, Utica, Inlet, Watertown, Albany, Poughkeepsie, Wappingers Falls, New Paltz, Westchester, Manhattan, Long Island.
Rich Ignizio/Broker
NMLS #35662 (Broker)
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