Loan Type

Today
1-Year ARM
5.46%
5/1 ARM
5.75%
15-Year Fixed
6.14%
30-Year Fixed
6.29%
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Interest Only Calculator

Find out what how much you save with an interest only payment. You can compare an interest only and a standard mortgage payment side by side. A fixed term mortgage can have higher initial monthly mortgage payments than an interest-only mortgage. It is important to remember that with an interest-only mortgage, you only pay interest on the loan not the balance. So, until you start paying it down at a later time, the original balance will remain unaffected.

Looking for more home loan calculators? Click here to view our Mortgage Calculator directory.

Interest-Only Calculator

Input
Loan Info
Amount ($)
Interest (%)
Loan Length (Yrs)
Financial Analysis
Monthly Payment $1,062.50
Total Monthly Payment $382,500.00