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.




Allied Home Mortgage Capital - 2161 Lexington Road, Suite 8 - Richmond, KY 40475
Richmond Phone: (859) 624-1442 Lexington Phone: (859) 263-2008 Toll Free Phone: (866) 826-7789
Toll Free Fax: (877) 826-2564 Richmond Fax: (859) 624-1429 Lexington Fax: (859) 263-1007


Allied Home Mortgage Capital Corporation is the largest U.S. privately held mortgage banker/mortgage broker, with hundreds and hundreds of offices in 50 states and the Virgin Islands. Allied is approved with hundreds of investors with several thousand programs and innovative partnerships have allowed it to deliver customized products to each borrower. Combined with the energy of branch managers who have the freedom to respond to local market conditions, Allied has experienced sequential double-digit growth since it was founded in 1991.  Our home office is located at 6110 Pinemont Drive, Houston, Texas 77092.  Phone (713) 353-0400.

NMLS#MC22368 
Allied provided website: www.mortgageasap.com/ky/2866


Equal Housing Opportunity NAMB - National Association of Mortgage Brokers

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