World Mortgage Interest Only Loan Payment Calculations
5 YEAR INTEREST ONLY (6 month rate and payment adjustments)				COMPARABLE FIXED RATE 30 YR
Loan Amount				Loan Amount
Margin				Current Fixed Rate
Index				Full P&I Payment 30 Yrs
Margin + Index
Full P&I payment 30 year amortization
Max Lifetime Interest Rate Cap
Initial 6 month rate		Adjusted Rate	Index
Interest Only Payment months 1-6			Inc/Dec
Interest Only Payment months 7-12
Max Interest Only Payment months 13-18
Max Interest Only Payment months 19-24
Max Interest Only Payment months 24-30
Max Interest Only Payment months 30-36
Max Interest Only Payment months 36-42
Max Interest Only Payment months 42-48
Max Interest Only Payment months 48-54
Max Interest Only Payment months 54-60
P&I payment yrs 6-30
Worst Case P&I payment yrs 6-30
Total Payments over 5 Yrs				Total Payments over 5 Yrs
Total 5 Yr Payment Savings
The interest only loan rate is fixed at a below index rate for the first six months.
After the first six months, the rate will jump to the current index+ margin (fully indexed rate)
Each six month period up until the end of the 5th year, the rate and payment will adjust.
The max rate increase for a 6 month period is 1.00%
The maximum rate cap is 12.50%
The Interest Only payment period is 5 years.  After the 5th year, the full P&I payment will be due over the remaining 25 years.
The rate after the 5th year will adjust monthly based on margin + current index not to exceed the life time rate cap.