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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. Royal Financial & Realty - 14601 Bellaire Blvd. #200 - Houston, TX 77083 Office Phone: (713) 725-8173 Fax: (281) 884-6005 Cell Phone: 713-725-8173 Call us today @ 713-725-8173 For your No obligation and No cost Pre-Approval!
An Equal Opportunity Company. Equal Housing Lender. We lend in the following states: TX
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