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.

All Western Mortgage, Inc. - 5580 West Flamingo Rd. Suite #106 - Las Vegas, NV 89103
Office Phone: (702) 369-0905 Fax: (702) 253-7512

We are pleased to announce our newest location:

All Western Mortgage, Inc. - 770 Coronado Center Dr. Suite #160 - Henderson, NV 89052
Office Phone: (702) 938-3562 Fax: (702) 944-4674

We lend in the following states: NV, CA, NM