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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.  Mortgage Capital, Inc. - 304 Cambridge Road, Suite 300 - Woburn, MA 01801 Office Phone: (781) 935-9355 Fax: (781) 935-9455 Toll Free Phone: (877) 66-CAPITAL We are licensed in the following states: Licensed by the State of Massachusetts Broker #MB3849, Licensed by the New Hampshire Banking Dept. Broker #11061-MBR, Licensed by the State of Connecticut Broker #15657, and Licensed by the Maine Banking Dept. Broker #CSO7618 Licensed by the State of Vermont # 0689BM D/B/A JRL Mortgage Capital We will Quote you a mortgage rate FREE with no obligation
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