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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. ![]() First Financial Centers - 1311 S. Stephenson Ave - Iron Mountain, MI 49801 Office Phone: 906-776-3000 Fax: 906-776-2222 Cell Phone: 906-396-3000 :: Recently Sold :: Slideshow :: Seller's Resources :: Mortgage Payment Calculator :: Apply Now :: Pre-Qualify :: Purchasing :: Refinance :: Request Loan Status :: Calculators :: FAQ :: Forms :: Contact Us :: About Us :: Tell-A-Friend :: First Financial is a licensed Michigan Mortgage Broker.
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