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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. Design Mortgage Group, Inc. - 2040 N. Loop 336 W, Ste. 124 - Conroe, TX 77304 Office Phone: (936) 521-2000 Fax: (936) 539-3539 Toll Free Phone: (877) 374-6684 We lend in the following states: TX, CO TMB #1992, 75491 
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