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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. HCCBANK.COM - 225 BROADWAY SUITE 910 - NEW YORK, NY 10038 Office Phone: 212-231-0062 Fax: 212-577-5947 :: Frequently Asked Mortgage Questions? :: Mortgage Articles :: Mortgage Loan Process :: Credit Report :: Mortgage Loan Programs :: Mortgage Calculators :: Live Rate Quote :: Homebuyer Education :: Purchasing in Today's Market :: Hawthorne Mortgage En Espaņol :: Employment Opportunities! Contact Us :: Privacy Policy :: Hawthorne Capital Forms :: About Hawthorne Capital Corp :: Hawthorne In The News :: Hawthorne Capital Corp Registration :: FSBO - For Sale by Owner :: Mortgage | Refinance | FHA | BANK
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