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