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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.  Cosmopolitan Mortgage Inc. - 37 North Center Street - Orange, NJ 07050 Office Phone: (973)-673-0098 Fax: (973)-673-0086 PA Office: (724)-861-8900 Toll Free Phone: (866)-373-0909 Cosmopolitan Mortgage, Inc. Providing FHA, Conventional & Commercial Loans A Correspondent Mortgage Banker licensed by the New Jersey, Pennsylvania, and Mary Land Departments of Banking 
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