Interest-Only Loan Calculator

Interest-only payment during the IO period, then fully amortizing principal-and-interest.

Loan Amount ($)

Interest Rate (%)

Interest-Only Years

Amortizing Years After

IO Payment$2,166.67

Then P&I Payment$2,982.29

Interest During IO$260,000.00

IO payment = principal × rate / 12. After the IO period the full principal is amortized over the remaining term.

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