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.

---

Spectrum Mortgage Company, Inc. - 1935 St. Andrews Court - Jamison, PA 18929
Office Phone: (215) 343-3505 Fax: (215) 343-5644 Cell Phone: (215) 317-1315

We are a Mortgage Broker licensed by the Pennsylvania Department of Banking.  NMLS# 105325

We lend in the following states: PA

Member of the National Association of Mortgage Brokers (NAMB) and the Pennsylvania Association of Mortgage Brokers (PAMB).

© 2010 Myers Internet All Rights Reserved

Powered by: Myers Internet | Admin Login