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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Beacon Mortgage, div of First National Bank of Chester County - 11300 Rockville Pike #1204 - Rockville, MD 20852
Office Phone: (301) 984-3600 Fax: (301) 984-3232 Toll Free Phone: (866) 984-3600

COMPANY AND PROFESSIONALS LICENSING

1. Beacon Mortgage and all divisions and affiliates of First National Bank of Chester County are currently exempt from state mortgage company and professionals licensing.

2.   Beacon Mortgage and all divisions and affiliates of First National Bank of Chester County are regulated by the Office of the Comptroller of the Currency (‘OCC’).

3.    All mortgage lending operations of Beacon Mortgage and all divisions and affiliates of First National Bank of Chester County are subject to the rules and regulations of the OCC.  The OCC examines us annually.

            We lend in the following states: MD, DC, VA, NJ, PA, FL, and most other states.  Call for details.

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