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Interest Only Mortgage Calculator

Figure Your Payments With the Interest Only Mortgage Calculator

The interest only mortgage calculator helps you figure out what a monthly payment might be on an interest only mortgage loan. You simply enter the principal amount and interest rate. The interest only mortgage calculator is intended to help you make smart decisions about your home loan.

You'll notice that the interest only mortgage calculator shows some fairly low monthly payments. Remember that interest only loans are only paying the interest portion of a mortgage -- you don't build any equity. While the payment may be attractive, this may or may not be the best option for you in the long-run.

Learn more about Amortization, the process of paying off a loan and building equity.

For more details on how these mortgages work, read our overview of interest only loans.

Interest Only Mortgage Calculator

Principal:

Rate:

Your Payment: $

The interest only mortgage calculator is designed to give you rough numbers. Before making a major decision, you should talk with a trusted mortgage lender to figure out all the details.

If you found the interest only mortgage calculator handy, be sure to see the other calculators available to you.

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