Lower Your Monthly Mortgage Payment with Step Payment on Community Mortgage

Looking for a way to reduce your monthly housing costs without stretching your budget? Our Step Payment option is now available with Community Mortgage,* giving eligible borrowers a practical path to lower principal-and-interest (P&I) payments right from the start.

How Step Payment Works

With the Step Payment option, you pay just $100 toward principal each month plus the interest due. This structure produces a meaningfully lower monthly P&I payment compared with a traditional fully amortized loan.

See the Difference

Here’s a real-world comparison based on an $800,000 loan at 8% interest:

Payment Type Monthly P&I Payment Step Payment $5,433.33Regular Amortized $5,870.12

That’s a monthly savings of more than $435.

Over the course of a year, that difference adds up to thousands of dollars that stay in your pocket—money you can use for other priorities, build savings, or simply ease monthly cash flow.

Why Borrowers Choose Step Payment

• Lower monthly payments from day one

• More breathing room in your budget

• A clear, straightforward structure: fixed $100 principal reduction + interest

• Available on Community Mortgage*

If keeping more of your income each month matters to you, Step Payment could be a strong fit.

Ready to explore whether Step Payment works for your situation? Contact us today to discuss eligibility, rates, and how this option can help you move forward with greater financial flexibility.

*Terms, conditions, and eligibility requirements apply. Payment examples are for illustrative purposes only and do not constitute a loan offer. Actual payments will vary based on loan amount, interest rate, term, and other factors. Speak with a loan professional for personalized details.