Of course the savings would be larger if interest rates didn't gradually rise or if they dropped during the repayment period of the loan. (thesimpledollar.com)
Not only does the rate adjust and therefore will rise along with current mortgage rates, but most have interest - only payments for the initial period of the loan. (shoprate.com)
Fees and points can be paid at the beginning of your loan or over the entire period of the loan. (abcloanguide.com)