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Interest Only Calculator

Input
Loan Info
Amount ($)
Interest (%)
Loan Length (Yrs)
Additional Info
Interest-Only Period (Yrs)
Years Before Sell (Yrs)
Financial Analysis
  Standard With Interest-Only
Interest-Only Payment - $1,062.50
Monthly Payment $1,247.74 $1,295.19
Payments During Interest-Only Period $44,918.63 $38,250.00
Average Period Payments $1,247.74 $1,155.58
Total Monthly Payment $74,864.39 $69,334.64
Total Interest Paid $61,814.88 $63,395.14
Interest Savings $1,580.27 $0.00
Balance at Sale $186,950.49 $194,060.50

         
 
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Key Benefits
•Get free financial management and mortgage refinancing tips.
  
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• Learn more about loan consolidation programs.

Interest-only mortgages can be a good choice when cash flow is a concern or if you are a real estate investor. However, with an interest-only home loan your mortgage balance is not affected until a later time.

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