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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Convenient Locations to Serve you

ST.CHARLES COUNTY: 635 Salt Lick Rd. St. Peters MO 63376 * 866-379-3465
SOUTH COUNTY: 6022 S Lindbergh, Ste-100, St Louis MO 63123 * 866-934-0711
FRANKLIN COUNTY: 554 East 5th St, Washington MO 63090 * 866-339-8400
HILLSBORO: 10906 Hwy 21, Hillsboro MO 63050 * 877-788-4013
WARRENTON: 406 E. Booneslick Rd, Warrenton MO 63383 * 636-456-9323
CARLYLE: 867 Fairfax St, Carlyle IL 62231 * 618-594-8648
ALTON: 520 C West Delmar, Alton IL 62002 * 618-466-0400

...and for all of your Insurance needs,
visit www.GlobalGreenInsuranceOnline.com

ILLINOIS RESIDENTIAL MORTGAGEE MB.0006514

Equal Housing Lender