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.  Cornerstone Home Mortgage - 1912 Sidewinder Drive, Suite 216 - Park City, UT 84060 Office Phone: 435 649- 8585 Fax: 435 649-8632 Toll Free Phone: 800-297-8585 :: Apply Now :: Pre-Qualify :: Loan Programs :: Purchasing :: Refinance :: Request Loan Status :: Calculators :: Loan Process :: FAQ :: Forms :: Contact Us :: About Us :: Tell-A-Friend :: Credit Report :: Marketplace :: Home :: We lend in the following states: UT 
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