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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.  First Centennial Mortgage - 2471 W. Sullivan Road - Aurora, IL 60506 Office Phone: 630-906-7315 Fax: 630-897-1456 :: Apply Now :: Today's Rates :: Pre-Qualify :: Loan Programs :: Purchasing :: Refinance :: Request Loan Status :: Calculators :: Loan Process :: Library :: FAQ :: Glossary :: Forms :: Contact Us :: About Us :: News :: Tell-A-Friend :: Sweepstakes :: New Home :: Privacy Policy :: Credit Report :: Marketplace :: Home ::
We lend in the following states: ILLINOIS, INDIANA, MICHIGAN, WISCONSIN and FLORIDA. An Illinois Residential Mortgage Licensee: License # M.B.004239. Illinois Department of Financial and Professional Regulation - Division of Banking, 122 South Michigan Avenue, Suite #1900, Chicago, IL 60603
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