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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. Michael 'Mani' Bongiovanni - 8330 East Hartford Drive Suite 101 - Scottsdale, AZ 85255 Cell Phone: 480-390-2123 Fax: 480-609-4111 Email: mani555@aol.com :: Investment Loans 1 to 4 units :: Private Money Loans :: Commercial Loans :: Primary Residential Loans :: FHA Investor Refinance :: FHA & HUD Loans :: Reverse Mortgage :: Real Estate Investors :: Loan Programs :: ARM Loans :: Interest Only :: Zero Down :: Reverse Mortgages :: Home Equity Loan :: Loan Process :: Pre-Qualify :: Loan Application Instructions :: Purchasing :: Need Cash? :: Refinance :: Contact Us :: Tell-A-Friend :: About Us :: Appraisers :: ATTORNEY :: Identity Protection :: Title & Escrow :: FAQ :: Glossary :: Forms :: Rate Alert :: Request Loan Status :: Library :: Credit Report :: Marketplace :: We lend in the following states: AZ & WA. Mortgage Banker & Broker Bk-0904318 
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