Interest Only Payment Option Calculator

Interest Only Payment Calculator

Loan Amount:
Interest Rate¹:		%

Payment Options
30-Year Principal and Interest Payment:	$599.55
Interest Only Payment²:	$500.00
Monthly Savings³:	$99.55

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.

Hersh Financial Group, LLC - 659 Auburn Ave. Suite 235 - Atlanta, GA 30312
Office Phone: (404) 223-LOAN (5626) Fax: (888) 761-1030 Toll Free Phone: 1-866-820-1626

Hersh Financial Group, LLC is a Georgia Residential Mortgage Licensee

Georgia Mortgage Lender License # 21708

Hersh Financial Group, LLC is licensed by the Virginia State Corporation Commission

Virginia Mortgage License # MC-4966

NMLS # 168323

WE STAY OPEN LATE!!!

HOURS OF OPERATION:

Monday - Friday

8:00 AM - 8:00 PM

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HERSH FINANCIAL GROUP IS AN ENVIRONMENTALLY CONSCIOUS COMPANY

IT FEELS GOOD TO GO GREEN!

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