Interest Only Payment Option Calculator - Tippecanoe Mortgage, Lafayette, Indiana

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.

Tippecanoe Mortgage, Inc. - 1221 S. Creasy Lane, Suite J - Lafayette, Indiana 47905
David Mennen: direct line (765) 448-3200 email: dmennen@tippecanoemortgage.com Casey Shipley: direct line (765) 449-8871
email: cshipley@tippecanoemortgage.com fax: (765) 448-6398

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Interest Only Payment Calculator