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:

Calculators are provided as a free service to our users. No guarantee, explicit or implied, is made regarding their accuracy or suitability to a specific purpose. These calculators are provided for general information and illustration purposes only. The results may not be accurate and are not intended to be advice and may not apply to your circumstance.