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Interest Only Payment Calculator
| 30-Year Principal and Interest Payment: |
$599.55 |
| Interest Only Payment2: |
$500.00 |
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.
 HomeTown Lending a division of TMBG inc. - 10025 19th Ave SE - Everett, WA 98208 Office Phone: (425) 478-4800 Fax: (425) 224-8031 Corp Office: (425) 337-7400
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Originating in the following states: WA- license # 510-LO-41814, OR- license #ML-3895, ID- license #MBL-3895, CA- license#01793219, KA-license# 2007-5291-01, AK, IN, IA, HI,
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