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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New West Lending Inc. Main Office - 8424 East Shea Boulevard, Suite #101 - Scottsdale, AZ 85260
Office Phone: (480) 751-4080 Fax: (480) 675-8832

Arizona (BK18700) 

 

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