Calculate and compare (formatted side by side) the payment amounts for up to 4 interest-only mortgage loans. Enter your sale price, any down payment you're making, the interest rates and the lengths for the interest-only and amortized periods for each loan. This calculator will then show you the interest-only and amortized (after interest-only period) payment amounts, the total amount of interest you will pay and the total amount of money you will spend over the life of each loan. You can also enter the points and other closing costs and roll those into your loans. You can even enter additional payment amounts during the interest-only and amortized periods and the calculator will show you each loan's anticipated payoff time.

Pricing $4.95 per month Auto Renew $49.50 per year Auto Renew $148.50 lifetime subscription   All Products View Cart Promotion Code
Popup Copy this text to popup the calculator in its own window. It is important to use your Account Number instead of 1 as shown in this example. view <script language="JavaScript" type="text/javascript"> <!-- //Interest-Only Mortgage Comparison function CompareInterestOnlyMortgages() {   window.open('http://www.webcalcsolutions.com/Mortgage-Calculators/Compare-Interest-Only-Mortgages.asp?AcctNum=1', '_blank', 'width=700,height=890,directories=0,location=0,menubar=0,resizable=1,scrollbars=1,status=0,toolbar=0'); } --> </script> <i>Payment Calculators</i><br> <a href="javascript:CompareInterestOnlyMortgages();">Interest-Only Mortgage Comparison</a><br> <br> <a href='http://www.webcalcsolutions.com/' style='font-size: 8pt;'>Online Calculators - Financial Calculators, Health Calculators, and Health Assessments from WebCalcSolutions.com</a><br> Embedded Copy this text to embed the calculator in your webpage.It is important to use your Account Number instead of 1 as shown in this example. view <iframe src="http://www.webcalcsolutions.com/Mortgage-Calculators/Compare-Interest-Only-Mortgages.asp?AcctNum=1" width="700" height="890" frameborder="0" scrolling="auto"><a href="http://www.webcalcsolutions.com/Mortgage-Calculators/Catalog.asp" target="_blank">Interest-Only Mortgage Comparison Calculator</a></iframe> <br> <a href='http://www.webcalcsolutions.com/' style='font-size: 8pt;'>Online Calculators - Financial Calculators, Health Calculators, and Health Assessments from WebCalcSolutions.com</a><br>
Customizable Field Values You can customize the following field values for this calculator. When the calculator runs it will have the values you set for these fields. It is important to use your Account Number instead of 1 as shown in this example. Interest-Only Mortgage Comparison    view Interest-Only Mortgage Comparison Calculator's Customizable Fields Screen Name Parm Name Parm Value Used in this Example Title Title Mr. & Mrs. O'Riley Lender (column 1) Lender AAA Money Lenders Lender (column 2) Lender2 BBB Money Lenders Lender (column 3) Lender3 CCC Money Lenders Lender (column 4) Lender4 DDD Money Lenders Sale Price (column 1) SalePrice 160,000.00 Sale Price (column 2) SalePrice2 170,000.00 Sale Price (column 3) SalePrice3 180,000.00 Sale Price (column 4) SalePrice4 190,000.00 Down Payment (column 1) DownPmt 8,000.00 Down Payment (column 2) DownPmt2 8,500.00 Down Payment (column 3) DownPmt3 9,000.00 Down Payment (column 4) DownPmt4 9,500.00 Length of Loan (column 1) Length 360 Length of Loan (column 2) Length2 180 Length of Loan (column 3) Length3 240 Length of Loan (column 4) Length4 300 Years/Months (drop-down) LengthPrd Months Points (column 1) Points 1.0 Points (column 2) Points2 1.25 Points (column 3) Points3 1.5 Points (column 4) Points4 1.75 Points Roll into Loan (checkbox) (column 1) RollPoints True Points Roll into Loan (checkbox) (column 2) RollPoints2 True Points Roll into Loan (checkbox) (column 3) RollPoints3 True Points Roll into Loan (checkbox) (column 4) RollPoints4 True Other Closing Costs (column 1) ClosingCosts 3,000.00 Other Closing Costs (column 2) ClosingCosts2 3,250.00 Other Closing Costs (column 3) ClosingCosts3 3,500.00 Other Closing Costs (column 4) ClosingCosts4 3,750.00 Other Closing Costs Roll into Loan (checkbox) (column 1) RollClosing True Other Closing Costs Roll into Loan (checkbox) (column 2) RollClosing2 True Other Closing Costs Roll into Loan (checkbox) (column 3) RollClosing3 True Other Closing Costs Roll into Loan (checkbox) (column 4) RollClosing4 True (Interest-Only period) Interest Rate (column 1) IntRate 5.15 (Interest-Only period) Interest Rate (column 2) IntRate2 5.20 (Interest-Only period) Interest Rate (column 3) IntRate3 5.25 (Interest-Only period) Interest Rate (column 4) IntRate4 5.30 (Interest-Only period) Length of Loan (column 1) IntLength 120 (Interest-Only period) Length of Loan (column 2) IntLength2 60 (Interest-Only period) Length of Loan (column 3) IntLength3 80 (Interest-Only period) Length of Loan (column 4) IntLength4 100 (Interest-Only period) Years/Months (drop-down) (column 1) IntLengthPrd Months (Interest-Only period) Years/Months (drop-down) (column 2) IntLengthPrd2 Months (Interest-Only period) Years/Months (drop-down) (column 3) IntLengthPrd3 Months (Interest-Only period) Years/Months (drop-down) (column 4) IntLengthPrd4 Months (Interest-Only period) Additional Principal (column 1) IntAddPrin 75.00 (Interest-Only period) Additional Principal (column 2) IntAddPrin2 100.00 (Interest-Only period) Additional Principal (column 3) IntAddPrin3 125.00 (Interest-Only period) Additional Principal (column 4) IntAddPrin4 150.00 (Interest-Only period) Monthly Payment Type (radio buttons) (column 1) PmtType MinPmt (Interest-Only period) Monthly Payment Type (radio buttons) (column 2) PmtType2 FixedPmt (Interest-Only period) Monthly Payment Type (radio buttons) (column 3) PmtType3 MinPmt (Interest-Only period) Monthly Payment Type (radio buttons) (column 4) PmtType4 FixedPmt Interest Rate (column 1) Rate 6.15 Interest Rate (column 2) Rate2 6.20 Interest Rate (column 3) Rate3 6.25 Interest Rate (column 4) Rate4 6.30 Additional Principal (column 1) AddPrin 50.00 Additional Principal (column 2) AddPrin2 100.00 Additional Principal (column 3) AddPrin3 150.00 Additional Principal (column 4) AddPrin4 200.00 View Customized Calculator <script language="JavaScript" type="text/javascript"> <!-- //Interest-Only Mortgage Comparison function CompareInterestOnlyMortgages() {   window.open('http://www.webcalcsolutions.com/Mortgage-Calculators/Compare-Interest-Only-Mortgages.asp?AcctNum=1&' +     'Title=Mr. %26 Mrs. O%27Riley&Lender=AAA Money Lenders&Lender2=BBB Money Lenders&' +     'Lender3=CCC Money Lenders&Lender4=DDD Money Lenders&SalePrice=160,000.00&' +     'SalePrice2=170,000.00&SalePrice3=180,000.00&SalePrice4=190,000.00&' +     'DownPmt=8,000.00&DownPmt2=8,500.00&DownPmt3=9,000.00&DownPmt4=9,500.00&' +     'Length=360&Length2=180&Length3=240&Length4=300&LengthPrd=Months&Points=1.0&' +     'Points2=1.25&Points3=1.5&Points4=1.75&RollPoints=True&RollPoints2=True&' +     'RollPoints3=True&RollPoints4=True&ClosingCosts=3,000.00&ClosingCosts2=3,250.00&' +     'ClosingCosts3=3,500.00&ClosingCosts4=3,750.00&RollClosing=True&' +     'RollClosing2=True&RollClosing3=True&RollClosing4=True&IntRate=5.15&' +     'IntRate2=5.20&IntRate3=5.25&IntRate4=5.30&IntLength=120&IntLength2=60&' +     'IntLength3=80&IntLength4=100&IntLengthPrd=Months&IntLengthPrd2=Months&' +     'IntLengthPrd3=Months&IntLengthPrd4=Months&IntAddPrin=75.00&IntAddPrin2=100.00&' +     'IntAddPrin3=125.00&IntAddPrin4=150.00&PmtType=MinPmt&PmtType2=FixedPmt&' +     'PmtType3=MinPmt&PmtType4=FixedPmt&Rate=6.15&Rate2=6.20&Rate3=6.25&Rate4=6.30&' +     'AddPrin=50.00&AddPrin2=100.00&AddPrin3=150.00&AddPrin4=200.00',     '_blank',     'width=700,height=890,directories=0,location=0,menubar=0,resizable=1,scrollbars=1,status=0,toolbar=0'); } --> </script> <a href="javascript:CompareInterestOnlyMortgages();">Interest-Only Mortgage Comparison</a><br> <br> <a href='http://www.webcalcsolutions.com/' style='font-size: 8pt;'>Online Calculators - Financial Calculators, Health Calculators, and Health Assessments from WebCalcSolutions.com</a><br> Our examples have special characters (& or ') that must be encoded to be interpreted properly by the browser. If the customized text you want to use has any of these characters (&, ' [apostrophe or single-quote], #, ?, ", \ or %) we have provided this Encode tool so you can see how to type it into your script. Enter your customized text then select 'Encode'. The encoded text will show up in the lower box and can be copied and pasted directly into your script. Copy and Paste