Interest Only Mortgage Payment 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.

Home Loan Basics

Home price:
Downpayment:
Mortgage loan amount:
Mortgage interest rate (APR %):
Mortgage loan term in years:

Other Homeownership Costs

Annual real estate taxes:
Annual homeowners insurance:
Private Mortgage Insurance (PMI):
Monthly HOA dues:

Your Results

Interest Only

Amortizing

Monthly Principal and Interest Payment:
Monthly Taxes, Insurance, PMI and dues:
Total monthly mortgage payment:

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