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Interest Only Payment Calculator
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. Turnstone Mortgage - 403 A Gordon Drive - Exton, PA 19341 Office Phone: (800) 757-7514 Fax: (610) 280-7397 Turnstone Mortgage Company has arranged over for 4,000 mortgage loans for more than $600 million in fundings. We are currenly licensed in PA, NJ & DE. Call us and talk to an experienced mortgage professional.
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