Interest Only Payment Calculator

Loan Amount:
Interest Rate1:		%

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.

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Oakwood Financial Corp - 13706 Research Blvd, Ste 111 - Austin, TX 78750
Office Phone: (512) 258-0157 Fax: (512) 258-0414 Toll Free Phone: (866) 778-7887

We lend in the following states: TX

Mortgage Broker License # 6932

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