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 Interest Only Calculator


Loan amount
?
Interest rate
?
Term (usually 30 or 15 years)
?
An interest only payment would be
?
$750.00
A standard loan payment (fully amortized) would be
?
$899.33
With an interest only loan, you will save $149.33 a month
For the latest mortgage rates click here
Click on the ? for explanation of any mortgage term.

Calculator Disclosure
The calculated results are not guaranteed to be accurate and are in no way are endorsed, offered or guaranteed by MortgageCalculators123, its affiliates, sister sites, or parent company. The information provided with these calculators is for illustrative purposes only. Any information entered can and may vary from your actual loan. Any tax results (property or income tax) are based on user inputs and cannot be considered accurate simply due the each state's and counties tax laws; we highly recommend you should seek a qualified tax advisor and loan consultant for a more specific and personalized profile. All figures including principal, terms and interest rates are strictly hypothetical.
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Rates as of     03-25-05 Today
Loan Type Rate