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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Midwest Mortgage Investments Ltd. - 5450 Monroe Street - Toledo, OH 43623
Office Phone: 419.842.0505 Fax: 419.842.0019 Toll Free Phone: 888-283-LOAN (5626)

We lend in the following states: OHIO, MICHIGAN, FLORIDA,INDIANA 

Copyright 2007 Midwest Mortgage Investments LTD

                  MB-802317

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