Interest Only Payment Option Calculator

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.

Alan H. Till email: alan.till@neweramortgage.com

Mark A. Leuer email: neweramtg@aol.com

New Era Mortgage, Inc. - 3519 E. Shea Blvd., Suite 137 - Phoenix, AZ 85028
Phone: (602) 923-3545 Fax: (602) 765-6123 Toll Free Phone: (877) 374-5243

Arizona License # MB - 0903506

We lend in the following states: Arizona (We are Arizona based)

“A portion of all dollars received from the Lender will be donated to the Boys & Girls Club of Greater Scottsdale”.

Interest Only Payment Calculator