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.




Sun Home Mortgage, Inc. - 9465 Counselors Row, Suite 200 - Indianapolis, IN 46240
Office Phone: (317) 805-4782 Fax: (317) 805-4788 Toll Free Phone: (888) 761-9155


We lend in the following states: IN

Equal Housing Opportunity

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