Interest Only Payment Option Calculator

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.

BANC ONE MORTGAGE - 428 4th St # 2 - Annapolis, MD 21403
Office Phone: (410) 280-9002 Fax: 410-280-9122 Cell Phone: 410-533-1711
Toll Free Phone: 800-573-8131

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Interest Only Payment Calculator