Mortgage Calculators

Interest Only vs. Principal & Interest Mortgage

This calculator will help you 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: