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.

JP Capital Mortgage - 16225 Park Ten Place Drive, Suite 500 - Houston, TX 77084
Office Phone: (281) 647-0100 Fax: (281) 647-6780

Home Loans in Greater Houston and throughout Texas

Commercial Real Estate and Business Lending provided Nationwide

Licensed by the Texas Dept. of Savings and Mortgage Lending

License #76317 and TXMB# 7743

NAMB - National Association of Mortgage Brokers

TAMB - Texas Association of Mortgage Brokers