Interest Only Payment Calculator

Loan Amount:
Interest Rate1:		%

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.

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Horizon Financial Corporation (headquarters) - 271 Route 46 West, Unit H103 - Fairfield, NJ 07004
Office: (973) 244-5626 Fax: (973) 244-9364 Toll Free Nationwide: (888) 448-2594

Horizon Financial Corporation is a licensed mortgage banker, CT and NJ Department of Banking and registered mortgage broker AZ, FL, NY and TN Department of Banking; dba Horizon Mortgage (New York), Horizon Mortgage Capital (Florida) and Horizon Funding (Arizona and Tennessee).  All loans in AZ, FL, NY and TN are arranged through third party providers.

Horizon Financial Corporation is not affiliated with TFS Securities, Inc. when conducting mortgage related activities.

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