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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.  Prospect Mortgage - Main Office - 15301 Ventura Blvd. Suite D300 - Sherman Oaks, CA 91403 In Los Angeles: (310) 689-1155 In Palm Springs: 760-864-1147 Email: sandy@sandyedelstein.com eFax: 877-857-0027 :: Apply Now :: Pre-Qualify :: Loan Programs :: Purchasing :: Refinance :: Request Loan Status :: Calculators :: Loan Process :: FAQ :: Forms :: Contact Us :: About Us :: Tell-A-Friend :: Privacy Policy :: Credit Report :: Marketplace :: Home :: Three Southern California Locations: Sherman Oaks West Los Angeles Palm Springs
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