Interest Only vs. Principal & Interest Mortgage 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.
|
Mortgage loan amount:
|
|
Mortgage interest rate (%):
|
|
Mortgage loan term (# years):
|
|
Optional: Annual real estate taxes:
|
|
Optional: Annual homeowners insurance:
|
|
Optional: Monthly PMI (Private Mortgage Insurance):
|
|
Optional: Monthly association dues:
|
|
|
Results
|
Interest Only
|
Principal & Interest
|
Monthly Principal and Interest Payment:
|
|
|
Monthly Taxes, Insurance, PMI and dues:
|
|
|
Total monthly mortgage payment:
|
|
|
|