Interest Only

Interest Only vs. Principal & Interest Mortgage Calculator

This calculator will help you to compare the monthly payment amounts for an interest-only mortgage and a principal-interest mortgage. Also included are optional fields for taxes, insurance, PMI, and association dues.

 

Mortgage loan amount:
Mortgage interest rate (%):
Mortgage loan term (# years):
Optional: Annual real estate taxes:
Optional: Annual homeowners insurance:
Optional: Monthly PMI (Private Mortgage Insurance):
Optional: Monthly association dues:

Results
  • Monthly Principal and Interest Payment:
    Interest Only
    Principal & Interest
  • Monthly Taxes, Insurance, PMI and dues:
    Interest Only
    Principal & Interest
  • Total monthly mortgage payment:
    Interest Only
    Principal & Interest