Interest Only Payment Option Calculator

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.

Anasazi Mortgage - 460 St. Michael's Dr. Suite 601 - Santa Fe, NM 87505
Office Phone: (505) 995-8888 Fax: (505) 995-8885 Toll-free Phone: 800-995-8888 (if calling outside of Santa Fe)

We are a New Mexico owned and operated mortgage broker, specializing in personalized, competent mortgage advice directly to the borrower. Although Anasazi Mortgage only lends in New Mexico, we do have a partnership entity that can originate loans in the other 49 states.

We are not a lead collector, nor do we sell, rent or otherwise share your personal information with any other entity.

We look forward to serving your mortgage needs.

NAMB - National Association of Mortgage Brokers