Interest Only Payment Calculator: Compare Loan Payment Options
The Interest Only Payment Calculator helps you quickly understand what it costs to carry a loan when you’re paying only the interest and not reducing the principal. By entering your loan amount, annual interest rate, and interest-only period, the Interest Only Payment Calculator shows your monthly payment and total interest over time so you can compare interest-only options with fully amortizing loans. It’s a simple way to see how interest-only payments affect cash flow, affordability, and your long-term payoff strategy.
Use the Interest Only Payment Calculator when you’re evaluating short-term cash flow needs, bridge loans, or investment strategies that rely on lower initial payments. As you adjust loan size or interest rate, the Interest Only Payment Calculator updates your payment instantly, helping you decide whether an interest-only structure supports your goals—or if it’s smarter to switch to a loan that pays down principal from day one.
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Important Disclaimer
This calculator is for illustrative purposes only and does not constitute financial, legal, or investment advice. Results are based on general assumptions and may not reflect actual performance or eligibility. This is not a loan estimate or approval. Please consult with a licensed mortgage advisor before making financial decisions.
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