Interest Only Payment Option Calculator, Arizona, Phoenix, Scottsdale, Mesa, Glendale, Chandler, Gilbert, Tempe

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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.

The Lending Company - 6910 East Chauncey lane # 205 - Scottsdale, AZ 85254
Office Phone: (480) 390-2123 Fax: 480-323-2909
E mail: MBongiovanni@thelendingco.com &: FHALoanAZ@Yahoo.com

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lendingco21

BK-0909441 Bank Number can be verified at the "Arizona Department of Financial Insitutions" web site: www.AZDFI.GOV

Manny offers a quote for a refinance, home mortgage or consultation. We specialize in Arizona FHA loans and offer competitive rates for the following cities:

Phoenix, Scottsdale, Tucson, Mesa, Glendale, Chandler, Gilbert, Tempe, Peoria, Surprise, Yuma, Ahwatukee, Buckeye, Avondale, Sun City, Queen Creek, Maricopa, Casa Grande, Apache Junction, Cave Creek, Care Free, Yuma, Prescott, Prescott Valley, Cottonwood, Sedona, Flagstaff, Winslow, Showlow, Holbrook, Kigman, lake Havasu, Parker, Bullhead City and More!

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