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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. Processing Center - 3695 Stanford Dr. - Lake Havasu City, AZ 86406 Office Phone: 928-566-4257 Fax: 928-566-4258 :: Apply Now :: Pre-Qualify :: Loan Programs :: Purchasing :: Refinance :: Request Loan Status :: Calculators :: Loan Process :: FAQ :: Contact Us :: About Us :: Tell-A-Friend :: Marketplace :: Home :: We lend in the following states: AZ, CA Corporate Office: 10251 Vista Sorrento Pkwy., Suite 350, San Diego, CA 92121 Cobalt is licensed by the California Dept of Real Estate, Broker # 01821025. Regional Office: 8149 N 87th Place, Suite 204, Scottsdale, AZ 85258 Arizona Broker License # BKBR 0115181 David Herring is licensed by the California Dept of Real Estate, License # 01193746. Loan approval is not guaranteed and is subject to lender review of information. Loan is only approved when lender has issued approval in writing. Specified rates may not be available for all borrowers. Rate subject to change with market conditions. 
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