Interest Only Payment Calculator
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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.
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Lending Hand Mortgage Corp. - 3060 Palm Harbor Blvd Suite B-10 - Palm Harbor, FL 34683 Office Phone: (727)785-2299 Toll Free Phone: (888) 340-8337 :: Apply Now :: Pre-Qualify :: Purchasing :: Refinance :: FHA Loans :: VA Loans :: USDA Loans :: Reverse Mortgages :: Calculators :: Loan Process :: Loan Application Instructions :: FAQ :: For Realtors :: Contact Us :: About Us :: Tell-A-Friend :: Marketplace :: Home :: Lending Hand Mortgage Corp. is a Licensed Mortgage Brokerage Business. Lending thoughout Florida. NMLS#373538
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