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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.  Executive Lending Services, Inc. - 13873 Park Center Road, Suite 136 - Herndon, VA 20171 Office Phone: (703) 691-0958 Fax: (703) 991-8687 :: Search Rates :: Credit Grade Calculator :: Calculators :: Apply Now :: Pre-Qualify :: Rate Alert :: Refinance Analysis :: Request Loan Status :: Sweepstakes :: 5/1 Portfolio ARM :: Loan Programs :: Loan Process :: Loan Application Instructions :: More Information :: Need Cash? :: Interest Only :: Refinance :: Purchasing :: Library :: FAQ :: Glossary :: Forms :: Overview :: About Us :: Contact Us :: Careers :: Tell-A-Friend :: Submit Testimonial :: Credit Report :: Marketplace :: Home :: Welcome Bankrate Clients! :: We are licensed to lend in Virginia. Licensed by: Virginia State Corporation Commission License Number: MB-3095 
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