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.  Mountain States Mortgage Centers Inc - Office Phone: (800) 866-1336 Mountain States Mortgage Centers Inc. is licensed as: Arizona BKBR-011522B; California Residential Mortgage Lending and Residential Mortgage Loan Servicing #4130252; Idaho Department of Finance #MLB-3745; Indiana 11163; Kentucky Registered#15059; Michigan Office of Financial and Insurance Servicer #R-0297; Minnesota 40185651; Nevada Division of Mortgage Lending License # 1281; Oregon Division of Finance and Corporate Securities #ML-461; Tennessee Department of Financial Institutions License #3679; Texas registered 44865; Utah Division of Real Estate #5492713-MLCO; Wyoming MBL-2041. Nationwide Mortgage License Number 29845 
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