Interest Only Mortgage Payment Calculator

Interest Rate
Loan Amount
Annual Tax

Monthly Payment Information

Interest Payment
Monthly Tax
Total Monthly Payment

Other Calculators

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Mortgage Payment Calculator
Calculate Payments on a traditional mortgage.

Mortgage Amortization Calculator
Detailed breakdown of principal and interest payments over the life of your loan.

An interest only mortgage is one where mortgage payments only cover interest costs. With interest only loans, the mortgage amount does not automatically decrease over time. The mortgage amount only decreases if you pay extra towards the principal.

The accuracy and applicability of the calculators on this site is not guaranteed. The calculation tools available are for demonstration purposes and may not compare directly to your actual loan.