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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.




Siuslaw Mortgage - 4780 Village Plaza Loop - Eugene, OR 97401
Office Phone: 541.683.2400 Fax: 541.683.5663 Toll Free Phone: 1.866.683.2400
Payments: PO Box 11529 Eugene, Or 97440


Siuslaw Mortgage is a division of Siuslaw Bank.  For more information about Siuslaw Bank call 541.342.4000 or visit our website www.siuslawbank.com. We lend in Oregon.

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