Interest Only Payment Option Calculator

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.

Bay Coast Lending, Inc. - 21855 S. Avalon Blvd., Suite 1 - Carson, CA 90745
Office Phone: 310-952-0542 Fax: 310-952-0500

We lend primarily in the following State: California

All information is deemed reliable but not guaranteed

NOTICE TO CONSUMER:

We collect nonpublic personal information about you from the following sources:

Information we receive from you on applications or other forms;
Information about your transactions with us, our affiliates, or others
Information we receive from a consumer reporting agency

We may disclose nonpublice personal information about you to the following types of third party vendors:

Financial service providers, such as mortgage bankers, securities broker-dealers, and the like
Non-financial companies, such as loan processors, escrow and title companies

We do not disclose any nonpublic information about our customers or former customers to anyone not permitted by law.

We may disclose the following information to companies that perform marketing services on our financial institutions with whom we have joint marketing ageements:

Information we receive from you on applications or other forms, such as your name, social secruity number, assets and income; Information about your transactions with us, our affiliates, or others, such as your account balance, payment history, parties to transactions and credit card usage; and
Information we receive from a consumer reporting agency, such as your creditworithiness and credit history.

We restrict access to nonpublic personal information about you to those employees who need to know that information to provide products and services to you. We maintain physical, electronic, and procedural safeguards that comply with federal regulations to guard your nonpublic personal information