Interest Only Payment Option Calculator

Loan Application Instructions

Interest Only Payment Calculator

Loan Amount:
Interest Rate¹:		%

Payment Options
30-Year Principal and Interest Payment:	$599.55
Interest Only Payment²:	$500.00
Monthly Savings³:	$99.55

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 Community Bank - 1325 Euclid Avenue, Ste 3 - Helena, MT 59601
Office Phone: (406) 449-9800 Fax: (406) 449-9811 Toll Free Phone: (866) 908-9808

Lending in Montana for over 117 Years

In Business Since 1891 !

Check Out Our Banking Website at www.fcbank.net