Interest Only Payment Option Calculator

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.

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			Bay State Realty

			707 Main Street, Millis, MA 02054 
			Office 1.800.696.8200 
			Fax:  508.376.8636 

			

			Contact Us

Each ERA ® office is independently owned and operated.
© 2007 ERA Franchise Systems, Inc ® and sm-trademark and servicemark of
ERA Franchise Systems, Inc. Equal Housing Opportunity.

Interest Only Payment Calculator

Bay State Realty 707 Main Street, Millis, MA 02054

Office 1.800.696.8200

Fax: 508.376.8636

Contact Us

Bay State Realty
707 Main Street, Millis, MA 02054