Interest Only Payment Calculator

Loan Amount:
Interest Rate1:		%

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.

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East Coast Mortgage and Financial Services Inc. -
Toll Free Phone: (800) 353-9440 Pennsylvania: (215) 540-5200 New Jersey: (609) 398-9900
Maryland: (410) 561-6006 Florida: (561) 471-1600 Delaware: (302) 498-0100

Licensed by the PA dept of Banking

Licensed by the Virginia State Corporation Commission # MC-2217

Licensed by the New Jersey Department of Banking and Insurance 

Licensed by the CA, CT, DE, FL, MA, MD, and SC, Depts. of Banking

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