The Interest Only Mortgage Calculator will help you to determine your monthly cash flow savings between a fully amortizing loan payment and an interest only loan payment.
Want to see interest only - - - - EDITOR'S COMMENT: This calculator determines the monthly payment on an Interest Only Loan. To see only the interest on a standard (fully amortized) loan, use the Amortization Calculator and click "View Amortization." That will bring up a chart that breaks out each month's payment so you can see the interest separately from the principal.
Recent Visitor Comments
I have this saved on Favorites....I use it all the time when buying and selling property or consolidation! THANK YOU
- Laura
Loved the program!! When I saw my current payment right to the penny, I said, WOW !! Thanks for assisting in planning my future projections.
- Louis Maglie
I am a high school teacher and this is great for me and my students! Thanks!!
- Sonny B
I use your calculators on my website to help visitors calculate their mortgage financing and refinancing savings. Thank you for a great resource.
- Terry Lamb
I saved this in my favorites a few years ago. I use it often and absolutely love it!!!
- Pamela
Very helpful… I used it to help decide that I can, in fact, afford the second home I want to buy.
- Don in Bethesda
Its so nice to find someones site that says FREE and really is. And that works as it should. Thank you very much.
- Charlie
This is amazing!!! I didn’t have to go through the BA-Zillion questions just to get a message telling me someone would call me with the results!! THANKS YOU FROM ALL OF US!
- D.
This calculator is awesome. When I saw how easy it is to pay a little extra a month and how much sooner you can pay it off, I was elated.
- Mary Jackson
Excellent! I just put your calculator on my site to help sell my home. Perfect addition!!
- Rodger C.
Great tool. Fast. Easy. Just what I was looking for vs. those sites that ask you to provide 3 pages of information so they can contact you later. Thanks again!
- Becky
Wow! This is great. Fast, easy and to the point!
- Phil Butler
GREAT SITE!!! The calculators and amortization options are awesome! Keep up the great work!
- Willie S.
Thanks so much for making this available and for your thorough responses to questions!
Comments
Billy
2007-07-14 16:05:00
Want to see interest only - - - - EDITOR'S COMMENT: This calculator determines the monthly payment on an Interest Only Loan. To see only the interest on a standard (fully amortized) loan, use the Amortization Calculator and click "View Amortization." That will bring up a chart that breaks out each month's payment so you can see the interest separately from the principal.