Interest Only Mortgage Payment Calculator
Use this form to calculate your potential minimum monthly payment with an interest only mortgage.
An interest only mortgage is one where mortgage payments only cover interest costs. With interest only loans, the mortgage amount does not automatically decrease over time. The mortgage amount only decreases if you pay extra towards the principal.
The accuracy and applicability of the calculators on this site is not guaranteed. The calculation tools available are for demonstration purposes and may not compare directly to your actual loan.