This Interest-Only Mortgage Calculator will show you what your payments will be during all phases of an interest-only mortgage. First, it will show you what your monthly payments will be during the initial, interest-only phase of the loan, and then, how much your payments will increase during the amortization phase of the mortgage when you begin paying down the loan principle.
You can also use the calculator to determine your interest savings from making additional payments to reduce the mortgage principle. The calculator can also show how those payments will affect the amortization schedule, the monthly payments required during the amortization phase, and the total interest payments over the full term of the mortgage.
Enter the information manually or use the sliding controls to enter your loan amount, loan term, length of the interest-only term and interest rate.
Mortgage Loan Directory and Information, LLC or Mortgageloan.com does not offer loans or mortgages.
Mortgageloan.com is not a lender or a mortgage broker.
Mortgageloan.com is a website that provides information about mortgages and loans and does not offer loans or mortgages directly or indirectly
through representatives or agents. We do not engage in direct marketing by phone or email towards consumers. Contact our support if you are
suspicious of any fraudulent activities or if you have any questions.
Mortgageloan.com is a news and information service providing editorial content and directory information in the field of mortgages and loans.
Mortgageloan.com is not responsible for the accuracy of information or responsible for the accuracy of the rates, APR or loan information posted
by brokers, lenders or advertisers.