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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. Texas Mortgage Company - 6860 North Dallas Parkway, Suite 200 - Plano, TX 75024 Office Phone: 972)867-0056 ext. 234 Fax: (214) 227-3888 Toll Free Phone: (877) 690-2200 ext. 234 Email: steven@texasmortgage.com :: Apply Now :: Today's Interest Rates :: Property Search :: Pre-Qualify :: Loan Programs :: Purchasing :: Refinance :: Disclosures & Forms :: Tax Credit Extension Information :: Federal Tax Credit Explained :: Homebuyers Education :: USDA Information :: HUD 2009-2010 Area Median Incomes :: Today's Rates :: Rate Alert :: Request Loan Status :: Calculators :: Loan Process :: FAQ :: Forms :: Settlement Booklet 2010 :: Contact Us :: About Us :: Tell-A-Friend :: Vendors :: Credit Report :: Marketplace :: Home ::
We lend in the following states: Texas -TMBL 241 - NMLS 273767
15 year simple fixed rate loan with 20% down payment required on a $100,000 value - effective 10/24/04 - offer may terminate at any time without notice - rate and annual percentage rate (APR) calculated on a 365 day year with typical/normal closing costs - Rates/APRs subject to change with changes in closing costs - properties and applicants must qualify - other restrictions may apply. This is not an advertisement for credit as defined by paragraph 226.24 of regulation Z. All interest rates are subject to DU/LP Findings and adjustments. Interest Rates Are For Purchase Only Refinance Interest Rates Are Higher - Please Call Or Email For Quote The maximum loan amount for a conforming loan is $417,000 and the Jumbo loan starts at $417,000 to $650,000. Interest Rates and APR's are based on loan amounts of $350,000 >cs740 for Conforming and $600,000 cs>740 for Jumbo loans and $180,000 cs>680 for VA loans. Points/Fees/Rates may vary for different loan amounts. TEXAS CASH-OUT has additional adjustments based on loan amount. 
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