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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. M.K.T. - Mortgage - 3402 Torchlite Terrace Suite B - Katy, TX 77494 Office Phone: (281) 394-0810 Office Fax: (281) 391-4744 Texas Broker No.: 61912 email: info@mkt-mortgage.com :: APPLY ON-LINE NOW! :: Loan Programs :: Buyer's Resources :: Purchasing :: Refinance :: Imperfect Credit? :: Rent Vs. Buy Calculator :: Request Loan Status :: Calculators :: Loan Process :: Library :: FAQ :: Glossary :: Forms :: Reverse Mortgages :: Schools :: Weather :: Contact Us :: About Us :: Tell-A-Friend :: Credit Report :: Marketplace :: Home :: Privacy Policy :: Registration :: Submit Testimonial :: Recovery Fund Notice :: We lend in the following states: TX
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