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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. Midwest Mortgage Company LLC - Office Phone: 573-443-7794 Cell Phone: 573-964-5050 Toll Free Phone: 877-443-7794 Licensed in Missouri and Illinois. Missouri Residential Mortgage License No. 06-259 Illinois Residential Mortgage License No. MB.0005769
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