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Interest Only vs. Principal & Interest Mortgage Calculator

This calculator will help you to 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:

This calculator and others on this site are provided without warranty regarding their accuracy or applicability to your individual circumstance. They are for your personal use and are not intended to replace professional financial advice.