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Interest Only Payments |
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This calculator will help determine what the amortization schedule will be for an interest only
mortgage loan. Use this calculator to evaluate the impact of principal payment and to look at
the interest cost of the loan.
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Full Amortization Schedule |
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For the values given below: |
Principal Loan Balance: |
$ |
100,000.00 |
Annual Interest Rate: |
% |
8.50 |
Amortization Length: |
Yrs |
30.00 |
Interest Only period: |
Yrs |
10 |
Result: |
Total Interest: |
$ |
193,278.43 |
Total Amount: |
$ |
293,278.43 |
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Your Results |
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Year |
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Total Payment |
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Paid Principal |
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Interest Paid |
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Ending Balance |
1 |
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$8499.96 |
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$0 |
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$8,499.96 |
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$100000 |
2 |
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$8499.96 |
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$0 |
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$8,499.96 |
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$100000 |
3 |
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$8499.96 |
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$0 |
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$8,499.96 |
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$100000 |
4 |
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$8499.96 |
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$0 |
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$8,499.96 |
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$100000 |
5 |
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$8499.96 |
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$0 |
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$8,499.96 |
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$100000 |
6 |
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$8499.96 |
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$0 |
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$8,499.96 |
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$100000 |
7 |
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$8499.96 |
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$0 |
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$8,499.96 |
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$100000 |
8 |
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$8499.96 |
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$0 |
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$8,499.96 |
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$100000 |
9 |
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$8499.96 |
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$0 |
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$8,499.96 |
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$100000 |
10 |
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$8499.96 |
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$0 |
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$8,499.96 |
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$100000 |
11 |
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$10,413.88 |
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$1,990.23 |
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$8,423.65 |
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$98009.81 |
12 |
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$10,413.88 |
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$2,166.14 |
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$8,247.74 |
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$95843.71 |
13 |
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$10,413.88 |
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$2,357.61 |
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$8,056.27 |
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$93486.14 |
14 |
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$10,413.88 |
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$2,565.99 |
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$7,847.89 |
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$90920.19 |
15 |
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$10,413.88 |
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$2,792.80 |
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$7,621.08 |
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$88127.42 |
16 |
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$10,413.88 |
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$3,039.66 |
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$7,374.22 |
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$85087.81 |
17 |
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$10,413.88 |
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$3,308.33 |
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$7,105.55 |
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$81779.52 |
18 |
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$10,413.88 |
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$3,600.75 |
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$6,813.13 |
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$78178.80 |
19 |
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$10,413.88 |
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$3,919.02 |
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$6,494.86 |
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$74259.82 |
20 |
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$10,413.88 |
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$4,265.43 |
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$6,148.45 |
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$69994.43 |
21 |
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$10,413.88 |
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$4,642.45 |
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$5,771.43 |
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$65352.02 |
22 |
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$10,413.88 |
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$5,052.79 |
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$5,361.09 |
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$60299.27 |
23 |
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$10,413.88 |
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$5,499.41 |
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$4,914.47 |
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$54799.90 |
24 |
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$10,413.88 |
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$5,985.51 |
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$4,428.37 |
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$48814.43 |
25 |
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$10,413.88 |
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$6,514.57 |
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$3,899.31 |
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$42299.90 |
26 |
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$10,413.88 |
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$7,090.39 |
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$3,323.49 |
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$35209.55 |
27 |
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$10,413.88 |
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$7,717.12 |
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$2,696.76 |
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$27492.47 |
28 |
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$10,413.88 |
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$8,399.23 |
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$2,014.65 |
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$19093.28 |
29 |
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$10,413.88 |
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$9,141.65 |
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$1,272.23 |
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$9951.67 |
30 |
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$10,415.87 |
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$9,951.67 |
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$464.20 |
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$0.00 |
The accuracy and use of this calculator is not guaranteed. |
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