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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.


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Important Disclosures

  • Rebates are offered on properties with a sales price over $100,000 and are subject to the approval of Lenders and the Principals we represent. Rebates don't apply if we preview properties. We have a free video service for out of town buyers this service is especially helpful to investors call (210) 782-8025 for details.

 

  • All transactions are subject to a transaction fee of $285 for residential real estate. For details on transaction fees for lots and commercial real estate please call: 210-782-8025

1

  • Texas law requires all real estate licensees to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords: Click here

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