Hi,
The lowest possible payment available would be afforded to you with an option arm which would give you the minimum payment option of 1.95% interest rate. There are a couple of option arm products out there, but by far the best/most stable is the Pick a Pay from World Savings. This loan gives you 4 payment options:
1) 30 year payment (6.64%)
2) 15 year payment
3) Interest only payment
4) Minimun payment (1.95%)
Your scenario would play out like this:
30 yr pmnt: $ 1,731.52
15 yr pmnt: $ 1,994.93
I/O pymnt: $ 1,495.00
Min Pymnt: $ 833. 37
You can make any of the above payments on any givin month with no penalty!
Call or email if I can help
Jeremy Musok
World Savings
(240) 644-8059
JMMusok425@worldsavings.com 
