Interest-Only Loan Calculator
Loan Summary
Monthly Payment:
$1,021.55
Interest-Only Payment:
$814.42
Total Payments:
$162,538.08
Total Interest:
$9,834.08
Estimated Interest Savings:
$143,925.96
Number of Payments:
62
Years to Pay Off:
5.17
Amortization Schedule
You can add additional payments to any payment period below. After making changes, click "Apply Additional Payments" at the top to update the schedule.
| No. | Due Date | Payment | Additional Payment | Interest | Principal | Balance |
|---|