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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Axcel Financial Corporation - 738-A Middle Ground Boulevard - Newport News, VA 23606
Office Phone: (757) 223-4116

Licensed by the Virginia State Corporation Commission as MC-2977 

 

Loan approval is not guaranteed and is subject to verification of specific information requested at the time of application. Specific rates may not be available for all borrowers. Rates are subject to change. Virginia Mortgage Broker #MC-2977.



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