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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. Legacy Mortgage Associates, LLC - P.O. Box 5615 - Canton, GA 30114 Office Phone: 770-704-8056 Fax: 770-704-4863 Cell Phone: (770) 500-0909 Toll Free Phone: 866-704-7730 :: Apply Now :: Pre-Qualify :: Loan Programs :: Purchasing :: Refinance :: May I cancel my PMI mortgage insurance? :: Request Loan Status :: Calculators :: Loan Process :: ARM Loans :: Debt Consolidation :: Home Equity Loan :: Imperfect Credit? :: Interest Only :: Need Cash? :: Zero Down :: Library :: FAQ :: Glossary :: Forms :: About Us :: Contact Us :: Tell-A-Friend :: Sweepstakes :: Testimonials :: Credit Report :: Marketplace :: Home :: We lend in the following states: Georgia Residential Mortgage Licensee # 20186 Florida Residential Mortgage Licensee # 484259 sitemap
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