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.

James Paz - McKenzie Funding, LLC ML-2765 1101 16th Street - Springfield, OR 97477
Office Phone: (541) 741-7411 Cell Phone: (541) 868-4073
Fax: (541) 687-9440
Toll Free Phone: (866) 485-3726

We lend in the following states: Oregon and Washington

Serving the cities of: Eugene, Springfield, Blue River, Leaburg, Vida, walterville, Junction City, Veneta, Oakridge, Marcola, Mapleton, Lowell, Dexter, Harrisburg, Florence, Cottage Grove, Creswell, triangle Lake, Walton, Portland, Bend, Sisters, Grants Pass, Medford, Jacksonville, Drain, Brookings, Gold Beach, Coos Bay, Port Orford, Klamath Falls, Central Point, Sutherlin, Oakland, Myrtle Creek, Roseburg, Winston, Yoncalla, Elkton, North Bend, Bandon, Reedsport, Coburg, Albany, Corvallis, Lincoln City, Newport, Waldport, Salem, Tillamook, Seaside, Canon Beach, Astoria, Philomath, Lebanon, Sweet Home, Jefferson, Silverton, Mt Angel, Woodburn, Molalla, McMinnville, Monmouth, Newburg, Forest Grove, Beaverton, Hillsboro, Tigard, Oregon City, Milwaukie, Lake Oswego, Gresham, Sandy, Troutdale, Tualatin, Canby, St Paul, Gladstone, Estacada, Willsonville, Redmond, Prineville, The Dalles, Dallas, Indepdndence, Mckenzie Bridge, Hood River, Pendleton, Ontario, Burns, Lakeview, Baker City, La Grande, John Day, Sherman, Warrenton, Aloha, Ashland, Talent, Monroe, Lyons, Detroit, Central Point, Eagle Point, Fairview, Hermiston, Keizer, Wood Village, Winston, Willamina, West Linn, Vale, Vernonia, Union, Umatilla, Toledo, Sublimity, Stayton, Sherwood, Sheridan, Scappoose, Rainier, Phoenix, Myrtle Point, Milton Freewater, and Madras.

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