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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. GreenStreet Financial Group - 990 Stewart Ave. - Garden City, NY 11530 Office Phone: (516) 740-4400 Fax: (516) 740-4411 Toll Free Phone: (877) 883-7326
We operate in New York, Connecticut, and Florida Registered Mortgage Broker - NYS Banking Department - Loans Arranged Through 3rd Party Providers 
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