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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.  Choice Home Loans - 250 Center Drive Suite 102 - Vernon Hills, IL 60061 Office Phone: (847) 550-8000 Fax: (847) 550-8014 Corporate Office: (847)968-2500 :: YOU CAN BE DEBT FREE - SEE HOW!! :: Refinance :: CREDIT REPAIR :: Purchase :: Foreclosure Recovery :: Apply Now :: Reverse Mortgages :: Staff Directory :: Free Mortgage Payment! :: Contact Us :: About Us :: Our Purpose :: Tell-A-Friend :: Free Reports! :: Calculators :: Loan Programs :: Loan Process :: Loan Application Instructions :: Forms :: Debt Consolidation :: Need Cash? :: Zero Down :: ARM Loans :: Interest Only :: Home Equity Loan :: For Sale by Owner :: FAQ :: Glossary :: Library :: Resources :: Home :: An Illinois Residential licensee Your best choice for mortgage loans in... Illinois and ANY other state not prohibited by LAW! Competitive rates Superior service 
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