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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.  Freedom Mortgage - 21043 N Cave Creek Rd. Ste A-4 - Phoenix, AZ 85024 Office Phone: (623) 536-1932 Fax: (602) 294-2385 Toll Free Phone: (888) 520-7850 Mortgage Banker/Broker Licence#: 0114323 NMLS#: 225609 :: Apply Now! :: Purchasing :: Refinance :: Loan Programs :: Request Loan Status :: Calculators :: Loan Process :: FAQ :: Forms :: About Samuel... :: Questions For Samuel :: Tell-A-Friend :: Contact Us :: Mortgage Planners Of America :: SDM Consulting & Training Services, LLC :: Marketplace :: Home :: Homebuyer Tax Credit Update :: 20 Terms :: Navigating The Market- Part 1 :: Videos :: 
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