Interest-Only Payment Comparison

Enter the amount to borrow: $
30-Year Term amortizied 30-Year Term interest-only
Enter your estimated home lending rate (APR): % %
*
   
Your Monthly Payment: $ $
Payment Difference: $

(the following links will open a new window)

Fixed-rate vs. interest-only calculation:
http://www.dinkytown.net/java/MortgageFixedvsIO.html

Interest-only mortgage loan calculation:
http://www.dinkytown.net/java/MortgageInterestOnly.html

Increasing your mortgage payment / mortgage payoff:
http://www.dinkytown.net/Java/MortgagePayoff.html

Mortgage Tax Savings Calculations:
http://www.dinkytown.net/java/MortgageTaxes.html

Bi-Weekly Payments Calculator:
http://www.dinkytown.net/java/ExistingBiweekly.html

Your loan amount is subject to debt/income ratios that lenders use to approve borrowing amounts (see debt/income ratios)
* Calculations are based upon the assumptions you entered. Please note that rounding errors can make a small difference in calculations. Your actual mortgage lending rate may vary depending on your credit quality and lender. The circumstances surrounding your credit and loan qualifications may result in different calculations.