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.  Executive Mortgage Corp. of MS - 582 Lakeland East Drive, Suite C - Flowood, MS 39232 Office Phone: 601-899-8970 Toll Free Phone: 866-899-8970 Fax: 601-899-8638 Contact: April Lowery After Hours: 601-291-6973 E-mail: april@emcms.com Contact: Linwood Nooe After Hours: 601-624-4400 Proud Member of MS Home Pros.com We lend in the following states: MS A Mississippi Registered Mortgage Company Equal Housing Lender 
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