Interest Only Mortgage

See what your payments look like during the interest-only period of a mortgage — useful for understanding cash flow before principal kicks in.

Mortgage Details

Loan Amount ($)

Annual Interest Rate (%)

Interest-Only Period (Years)

Monthly Payment

Total Interest (IO Period)

Annual Interest Cost

Daily Interest:

Principal Remaining After IO:

Monthly Payment = Principal x (Annual Rate / 12)

During the interest-only period, no principal is paid down.

Save your calculations and get detailed breakdowns