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.

Sandy Edelstein - 11766 Wilshire Blvd. Suite 300 - Los Angeles, CA 90025
Office Phone: (310) 689-1155

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"Two locations to better serve your needs"

11766 Wilshire Blvd. Suite 300            383 S. Palm Canyon
Los Angeles, CA 90025                      Palm Springs, CA 92262
Phone - 310-689-1155                      Phone- 760-864-1147
eFax - 310-943-2522                        eFax- 310-943-2522
Email for both locations - sandy@sandyedelstein.com

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