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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.  Carrollton Mortgage Services, Inc - 2300 York Road Suite 213 - Timonium, MD 21093 Jeff Albaugh Office: (410) 561-7515 Ext 124 or Cell: (443) 324-3070 Matt Weaver Cell: (443) 831-4352 Erin Ferro Office: (410) 561-7515 Ext 135 Christy Lancellotti Office: (410) 561-7515 Ext 123 Toll Free Phone: (800) 840-5269 Fax: (410) 561-8145 We lend in the following states: MD, VA, WV, DE, PA
The information provided in this website may not apply to each individual mortgage loan situation.
NOTE: Internet e-mail is not secure. For your protection, please do not send personal or account information. Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We can not and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues. 
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