Interest Only Mortgage

You have probably heard the hype of the Interest Only Mortgage on the radio and TV. is proud to offer our clients several different Interest Only programs to fit your needs. The chart below demonstrates the monthly cash flow savings of an Interest Only Mortgage compared to a normal 30 year fixed mortgage:

Loan Amount	30 Year Fixed Payment @ 6%	Interest Only Loan Payment @ 6%	Annual CashFlow Savings	Cash flow Savings 5 Years
$150,000	$900	$750	$1,800	$9,000
$300,000	$1,800	$1,500	$3,600	$18,000
$500,000	$3,000	$2,500	$6,000	$30,000

This chart is informational only. Your actual payment may be different.*

Interest Only loans are certainly not for everyone because when you only pay interest each month your mortgage debt does not decrease. But, they can save you considerable cash flow each month as the above chart demonstrates. If you like the flexibility of only being required to make lower monthly interest only payments and at the same time have the option of making principal payments when circumstances permit, look into the Interest Only loan. It's quite a product.

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All programs are subject to terms and conditions and may change at any time. * Rate may be variable and subject to change.