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.  Carolina Mortgage Services a division of Mountain 1st Bank - 7800 Providence Road Suite 208 - Charlotte, NC 28226 Office Phone: (704) 543-1989 Fax: (704) 542-0020 Toll Free Phone: 800-543--5502 Email: bob@carolinamortgageinc.com :: Pre-Qualify :: Loan Programs :: Purchasing :: Rent Vs. Buy Calculator :: Refinance :: Refinance Calculator :: Homebuyer Education :: Request Loan Status :: Calculators :: Loan Process :: FAQ :: Forms :: Contact Us :: About Us :: Tell-A-Friend :: Credit Report :: Home :: We lend in North Carolina 
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