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.

Lend Select Mortgage LLC - 1317 Route 73, Suite 201 - Mount Laurel, NJ 08054
Office Phone: (856) 866-5555 Fax: (856) 866-5656

WHEN TIME MATTERS

*Rates subject to change at any time without notice.

Call Today 866-586-0500

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Interest Only Payment Calculator