About MVMC

Application Resources

Events & Education

Tools & Resources

MVMC's Newsletters

VA Lending Center

Reverse Mortgages

Learning Center

Real Estate Info

Other Services

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.





MVMC Logo  440 Washington Street | Weymouth, MA 02188 | Office: 781-337-2432 | Toll Free: 800-869-5882 | Fax: 781-337-2885
  Mount Vernon Mortgage Corporation is licensed for mortgages on properties located in Massachusetts | Massachusetts Licensed Broker MB5225
 
Member of the Massachusetts Mortgage Association     Member of the National Association of Mortgage Brokers
     
 




© 2010 Myers Internet All Rights Reserved

Powered by: Myers Internet | Admin Login