Today is Jun 23, 2017
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Interest Only Payments
 
 
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.
 
     
 
Full Amortization Schedule    
 
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: $ 193,278.97
     Total Amount: $ 293,278.97
     
 
 
Your Results    
 
Month Total Payment Paid Principal Interest Paid Ending Balance
1   $708.33   $0   $708.33   $100,000.00
2   $708.33   $0   $708.33   $100,000.00
3   $708.33   $0   $708.33   $100,000.00
4   $708.33   $0   $708.33   $100,000.00
5   $708.33   $0   $708.33   $100,000.00
6   $708.33   $0   $708.33   $100,000.00
7   $708.33   $0   $708.33   $100,000.00
8   $708.33   $0   $708.33   $100,000.00
9   $708.33   $0   $708.33   $100,000.00
10   $708.33   $0   $708.33   $100,000.00
11   $708.33   $0   $708.33   $100,000.00
12   $708.33   $0   $708.33   $100,000.00
13   $708.33   $0   $708.33   $100,000.00
14   $708.33   $0   $708.33   $100,000.00
15   $708.33   $0   $708.33   $100,000.00
16   $708.33   $0   $708.33   $100,000.00
17   $708.33   $0   $708.33   $100,000.00
18   $708.33   $0   $708.33   $100,000.00
19   $708.33   $0   $708.33   $100,000.00
20   $708.33   $0   $708.33   $100,000.00
21   $708.33   $0   $708.33   $100,000.00
22   $708.33   $0   $708.33   $100,000.00
23   $708.33   $0   $708.33   $100,000.00
24   $708.33   $0   $708.33   $100,000.00
25   $708.33   $0   $708.33   $100,000.00
26   $708.33   $0   $708.33   $100,000.00
27   $708.33   $0   $708.33   $100,000.00
28   $708.33   $0   $708.33   $100,000.00
29   $708.33   $0   $708.33   $100,000.00
30   $708.33   $0   $708.33   $100,000.00
31   $708.33   $0   $708.33   $100,000.00
32   $708.33   $0   $708.33   $100,000.00
33   $708.33   $0   $708.33   $100,000.00
34   $708.33   $0   $708.33   $100,000.00
35   $708.33   $0   $708.33   $100,000.00
36   $708.33   $0   $708.33   $100,000.00
37   $708.33   $0   $708.33   $100,000.00
38   $708.33   $0   $708.33   $100,000.00
39   $708.33   $0   $708.33   $100,000.00
40   $708.33   $0   $708.33   $100,000.00
41   $708.33   $0   $708.33   $100,000.00
42   $708.33   $0   $708.33   $100,000.00
43   $708.33   $0   $708.33   $100,000.00
44   $708.33   $0   $708.33   $100,000.00
45   $708.33   $0   $708.33   $100,000.00
46   $708.33   $0   $708.33   $100,000.00
47   $708.33   $0   $708.33   $100,000.00
48   $708.33   $0   $708.33   $100,000.00
49   $708.33   $0   $708.33   $100,000.00
50   $708.33   $0   $708.33   $100,000.00
51   $708.33   $0   $708.33   $100,000.00
52   $708.33   $0   $708.33   $100,000.00
53   $708.33   $0   $708.33   $100,000.00
54   $708.33   $0   $708.33   $100,000.00
55   $708.33   $0   $708.33   $100,000.00
56   $708.33   $0   $708.33   $100,000.00
57   $708.33   $0   $708.33   $100,000.00
58   $708.33   $0   $708.33   $100,000.00
59   $708.33   $0   $708.33   $100,000.00
60   $708.33   $0   $708.33   $100,000.00
61   $708.33   $0   $708.33   $100,000.00
62   $708.33   $0   $708.33   $100,000.00
63   $708.33   $0   $708.33   $100,000.00
64   $708.33   $0   $708.33   $100,000.00
65   $708.33   $0   $708.33   $100,000.00
66   $708.33   $0   $708.33   $100,000.00
67   $708.33   $0   $708.33   $100,000.00
68   $708.33   $0   $708.33   $100,000.00
69   $708.33   $0   $708.33   $100,000.00
70   $708.33   $0   $708.33   $100,000.00
71   $708.33   $0   $708.33   $100,000.00
72   $708.33   $0   $708.33   $100,000.00
73   $708.33   $0   $708.33   $100,000.00
74   $708.33   $0   $708.33   $100,000.00
75   $708.33   $0   $708.33   $100,000.00
76   $708.33   $0   $708.33   $100,000.00
77   $708.33   $0   $708.33   $100,000.00
78   $708.33   $0   $708.33   $100,000.00
79   $708.33   $0   $708.33   $100,000.00
80   $708.33   $0   $708.33   $100,000.00
81   $708.33   $0   $708.33   $100,000.00
82   $708.33   $0   $708.33   $100,000.00
83   $708.33   $0   $708.33   $100,000.00
84   $708.33   $0   $708.33   $100,000.00
85   $708.33   $0   $708.33   $100,000.00
86   $708.33   $0   $708.33   $100,000.00
87   $708.33   $0   $708.33   $100,000.00
88   $708.33   $0   $708.33   $100,000.00
89   $708.33   $0   $708.33   $100,000.00
90   $708.33   $0   $708.33   $100,000.00
91   $708.33   $0   $708.33   $100,000.00
92   $708.33   $0   $708.33   $100,000.00
93   $708.33   $0   $708.33   $100,000.00
94   $708.33   $0   $708.33   $100,000.00
95   $708.33   $0   $708.33   $100,000.00
96   $708.33   $0   $708.33   $100,000.00
97   $708.33   $0   $708.33   $100,000.00
98   $708.33   $0   $708.33   $100,000.00
99   $708.33   $0   $708.33   $100,000.00
100   $708.33   $0   $708.33   $100,000.00
101   $708.33   $0   $708.33   $100,000.00
102   $708.33   $0   $708.33   $100,000.00
103   $708.33   $0   $708.33   $100,000.00
104   $708.33   $0   $708.33   $100,000.00
105   $708.33   $0   $708.33   $100,000.00
106   $708.33   $0   $708.33   $100,000.00
107   $708.33   $0   $708.33   $100,000.00
108   $708.33   $0   $708.33   $100,000.00
109   $708.33   $0   $708.33   $100,000.00
110   $708.33   $0   $708.33   $100,000.00
111   $708.33   $0   $708.33   $100,000.00
112   $708.33   $0   $708.33   $100,000.00
113   $708.33   $0   $708.33   $100,000.00
114   $708.33   $0   $708.33   $100,000.00
115   $708.33   $0   $708.33   $100,000.00
116   $708.33   $0   $708.33   $100,000.00
117   $708.33   $0   $708.33   $100,000.00
118   $708.33   $0   $708.33   $100,000.00
119   $708.33   $0   $708.33   $100,000.00
120   $708.33   $0   $708.33   $100,000.00
121   $867.82   $159.49   $708.33   $99840.51
122   $867.82   $160.62   $707.20   $99679.89
123   $867.82   $161.75   $706.70   $99518.14
124   $867.82   $162.90   $704.92   $99355.24
125   $867.82   $164.50   $703.77   $99191.19
126   $867.82   $165.22   $702.60   $99025.97
127   $867.82   $166.39   $701.43   $98859.58
128   $867.82   $167.56   $700.26   $98692.02
129   $867.82   $168.75   $699.70   $98523.27
130   $867.82   $169.95   $697.87   $98353.32
131   $867.82   $171.15   $696.67   $98182.17
132   $867.82   $172.36   $695.46   $98009.81
133   $867.82   $173.58   $694.24   $97836.23
134   $867.82   $174.81   $693.10   $97661.42
135   $867.82   $176.50   $691.77   $97485.37
136   $867.82   $177.30   $690.52   $97308.07
137   $867.82   $178.55   $689.27   $97129.52
138   $867.82   $179.82   $688.0   $96949.70
139   $867.82   $181.90   $686.73   $96768.61
140   $867.82   $182.38   $685.44   $96586.23
141   $867.82   $183.67   $684.15   $96402.56
142   $867.82   $184.97   $682.85   $96217.59
143   $867.82   $186.28   $681.54   $96031.31
144   $867.82   $187.60   $680.22   $95843.71
145   $867.82   $188.93   $678.89   $95654.78
146   $867.82   $190.27   $677.55   $95464.51
147   $867.82   $191.61   $676.21   $95272.90
148   $867.82   $192.97   $674.85   $95079.93
149   $867.82   $194.34   $673.48   $94885.59
150   $867.82   $195.71   $672.11   $94689.88
151   $867.82   $197.10   $670.72   $94492.78
152   $867.82   $198.50   $669.32   $94294.28
153   $867.82   $199.90   $667.92   $94094.38
154   $867.82   $201.32   $666.50   $93893.06
155   $867.82   $202.74   $665.80   $93690.32
156   $867.82   $204.18   $663.64   $93486.14
157   $867.82   $205.63   $662.19   $93280.51
158   $867.82   $207.80   $660.74   $93073.43
159   $867.82   $208.55   $659.27   $92864.88
160   $867.82   $210.30   $657.79   $92654.85
161   $867.82   $211.51   $656.31   $92443.34
162   $867.82   $213.10   $654.81   $92230.33
163   $867.82   $214.52   $653.30   $92015.81
164   $867.82   $216.40   $651.78   $91799.77
165   $867.82   $217.57   $650.25   $91582.20
166   $867.82   $219.11   $648.71   $91363.09
167   $867.82   $220.66   $647.16   $91142.43
168   $867.82   $222.23   $645.59   $90920.20
169   $867.82   $223.80   $644.20   $90696.40
170   $867.82   $225.39   $642.43   $90471.01
171   $867.82   $226.98   $640.84   $90244.03
172   $867.82   $228.59   $639.23   $90015.44
173   $867.82   $230.21   $637.61   $89785.23
174   $867.82   $231.84   $635.98   $89553.39
175   $867.82   $233.48   $634.34   $89319.91
176   $867.82   $235.14   $632.68   $89084.77
177   $867.82   $236.80   $631.20   $88847.97
178   $867.82   $238.48   $629.34   $88609.49
179   $867.82   $240.17   $627.65   $88369.32
180   $867.82   $241.87   $625.95   $88127.45
181   $867.82   $243.58   $624.24   $87883.87
182   $867.82   $245.31   $622.51   $87638.56
183   $867.82   $247.50   $620.77   $87391.51
184   $867.82   $248.80   $619.20   $87142.71
185   $867.82   $250.56   $617.26   $86892.15
186   $867.82   $252.33   $615.49   $86639.82
187   $867.82   $254.12   $613.70   $86385.70
188   $867.82   $255.92   $611.90   $86129.78
189   $867.82   $257.73   $610.90   $85872.05
190   $867.82   $259.56   $608.26   $85612.49
191   $867.82   $261.40   $606.42   $85351.09
192   $867.82   $263.25   $604.57   $85087.84
193   $867.82   $265.11   $602.71   $84822.73
194   $867.82   $266.99   $600.83   $84555.74
195   $867.82   $268.88   $598.94   $84286.86
196   $867.82   $270.79   $597.30   $84016.07
197   $867.82   $272.71   $595.11   $83743.36
198   $867.82   $274.64   $593.18   $83468.72
199   $867.82   $276.58   $591.24   $83192.14
200   $867.82   $278.54   $589.28   $82913.60
201   $867.82   $280.52   $587.30   $82633.08
202   $867.82   $282.50   $585.32   $82350.58
203   $867.82   $284.50   $583.32   $82066.08
204   $867.82   $286.52   $581.30   $81779.56
205   $867.82   $288.55   $579.27   $81491.01
206   $867.82   $290.59   $577.23   $81200.42
207   $867.82   $292.65   $575.17   $80907.77
208   $867.82   $294.72   $573.10   $80613.05
209   $867.82   $296.81   $571.10   $80316.24
210   $867.82   $298.91   $568.91   $80017.33
211   $867.82   $301.30   $566.79   $79716.30
212   $867.82   $303.16   $564.66   $79413.14
213   $867.82   $305.31   $562.51   $79107.83
214   $867.82   $307.47   $560.35   $78800.36
215   $867.82   $309.65   $558.17   $78490.71
216   $867.82   $311.84   $555.98   $78178.87
217   $867.82   $314.50   $553.77   $77864.82
218   $867.82   $316.28   $551.54   $77548.54
219   $867.82   $318.52   $549.30   $77230.02
220   $867.82   $320.77   $547.50   $76909.25
221   $867.82   $323.50   $544.77   $76586.20
222   $867.82   $325.33   $542.49   $76260.87
223   $867.82   $327.64   $540.18   $75933.23
224   $867.82   $329.96   $537.86   $75603.27
225   $867.82   $332.30   $535.52   $75270.97
226   $867.82   $334.65   $533.17   $74936.32
227   $867.82   $337.20   $530.80   $74599.30
228   $867.82   $339.41   $528.41   $74259.89
229   $867.82   $341.81   $526.10   $73918.08
230   $867.82   $344.23   $523.59   $73573.85
231   $867.82   $346.67   $521.15   $73227.18
232   $867.82   $349.13   $518.69   $72878.05
233   $867.82   $351.60   $516.22   $72526.45
234   $867.82   $354.90   $513.73   $72172.36
235   $867.82   $356.60   $511.22   $71815.76
236   $867.82   $359.13   $508.69   $71456.63
237   $867.82   $361.67   $506.15   $71094.96
238   $867.82   $364.23   $503.59   $70730.73
239   $867.82   $366.81   $501.10   $70363.92
240   $867.82   $369.41   $498.41   $69994.51
241   $867.82   $372.30   $495.79   $69622.48
242   $867.82   $374.66   $493.16   $69247.82
243   $867.82   $377.31   $490.51   $68870.51
244   $867.82   $379.99   $487.83   $68490.52
245   $867.82   $382.68   $485.14   $68107.84
246   $867.82   $385.39   $482.43   $67722.45
247   $867.82   $388.12   $479.70   $67334.33
248   $867.82   $390.87   $476.95   $66943.46
249   $867.82   $393.64   $474.18   $66549.82
250   $867.82   $396.43   $471.39   $66153.39
251   $867.82   $399.23   $468.59   $65754.16
252   $867.82   $402.60   $465.76   $65352.10
253   $867.82   $404.91   $462.91   $64947.19
254   $867.82   $407.78   $460.40   $64539.41
255   $867.82   $410.67   $457.15   $64128.74
256   $867.82   $413.57   $454.25   $63715.17
257   $867.82   $416.50   $451.32   $63298.67
258   $867.82   $419.45   $448.37   $62879.22
259   $867.82   $422.43   $445.39   $62456.79
260   $867.82   $425.42   $442.40   $62031.37
261   $867.82   $428.43   $439.39   $61602.94
262   $867.82   $431.47   $436.35   $61171.47
263   $867.82   $434.52   $433.30   $60736.95
264   $867.82   $437.60   $430.22   $60299.35
265   $867.82   $440.70   $427.12   $59858.65
266   $867.82   $443.82   $423.10   $59414.83
267   $867.82   $446.96   $420.86   $58967.87
268   $867.82   $450.13   $417.69   $58517.74
269   $867.82   $453.32   $414.50   $58064.42
270   $867.82   $456.53   $411.29   $57607.89
271   $867.82   $459.76   $408.60   $57148.13
272   $867.82   $463.20   $404.80   $56685.11
273   $867.82   $466.30   $401.52   $56218.81
274   $867.82   $469.60   $398.22   $55749.21
275   $867.82   $472.93   $394.89   $55276.28
276   $867.82   $476.28   $391.54   $54800.00
277   $867.82   $479.65   $388.17   $54320.35
278   $867.82   $483.50   $384.77   $53837.30
279   $867.82   $486.47   $381.35   $53350.83
280   $867.82   $489.92   $377.90   $52860.91
281   $867.82   $493.39   $374.43   $52367.52
282   $867.82   $496.88   $370.94   $51870.64
283   $867.82   $500.40   $367.42   $51370.24
284   $867.82   $503.95   $363.87   $50866.29
285   $867.82   $507.52   $360.30   $50358.77
286   $867.82   $511.11   $356.71   $49847.66
287   $867.82   $514.73   $353.90   $49332.93
288   $867.82   $518.38   $349.44   $48814.55
289   $867.82   $522.50   $345.77   $48292.50
290   $867.82   $525.75   $342.70   $47766.75
291   $867.82   $529.47   $338.35   $47237.28
292   $867.82   $533.22   $334.60   $46704.06
293   $867.82   $536.10   $330.82   $46167.06
294   $867.82   $540.80   $327.20   $45626.26
295   $867.82   $544.63   $323.19   $45081.63
296   $867.82   $548.49   $319.33   $44533.14
297   $867.82   $552.38   $315.44   $43980.76
298   $867.82   $556.29   $311.53   $43424.47
299   $867.82   $560.23   $307.59   $42864.24
300   $867.82   $564.20   $303.62   $42300.04
301   $867.82   $568.19   $299.63   $41731.85
302   $867.82   $572.22   $295.60   $41159.63
303   $867.82   $576.27   $291.55   $40583.36
304   $867.82   $580.35   $287.47   $40003.01
305   $867.82   $584.47   $283.35   $39418.54
306   $867.82   $588.61   $279.21   $38829.93
307   $867.82   $592.77   $275.50   $38237.16
308   $867.82   $596.97   $270.85   $37640.19
309   $867.82   $601.20   $266.62   $37038.99
310   $867.82   $605.46   $262.36   $36433.53
311   $867.82   $609.75   $258.70   $35823.78
312   $867.82   $614.70   $253.75   $35209.71
313   $867.82   $618.42   $249.40   $34591.29
314   $867.82   $622.80   $245.20   $33968.49
315   $867.82   $627.21   $240.61   $33341.28
316   $867.82   $631.65   $236.17   $32709.63
317   $867.82   $636.13   $231.69   $32073.50
318   $867.82   $640.63   $227.19   $31432.87
319   $867.82   $645.17   $222.65   $30787.70
320   $867.82   $649.74   $218.80   $30137.96
321   $867.82   $654.34   $213.48   $29483.62
322   $867.82   $658.98   $208.84   $28824.64
323   $867.82   $663.65   $204.17   $28160.99
324   $867.82   $668.35   $199.47   $27492.64
325   $867.82   $673.80   $194.74   $26819.56
326   $867.82   $677.85   $189.97   $26141.71
327   $867.82   $682.65   $185.17   $25459.06
328   $867.82   $687.48   $180.34   $24771.58
329   $867.82   $692.35   $175.47   $24079.23
330   $867.82   $697.26   $170.56   $23381.97
331   $867.82   $702.20   $165.62   $22679.77
332   $867.82   $707.17   $160.65   $21972.60
333   $867.82   $712.18   $155.64   $21260.42
334   $867.82   $717.23   $150.59   $20543.19
335   $867.82   $722.31   $145.51   $19820.88
336   $867.82   $727.42   $140.40   $19093.46
337   $867.82   $732.57   $135.25   $18360.89
338   $867.82   $737.76   $130.60   $17623.13
339   $867.82   $742.99   $124.83   $16880.14
340   $867.82   $748.25   $119.57   $16131.89
341   $867.82   $753.55   $114.27   $15378.34
342   $867.82   $758.89   $108.93   $14619.45
343   $867.82   $764.27   $103.55   $13855.18
344   $867.82   $769.68   $98.14   $13085.50
345   $867.82   $775.13   $92.69   $12310.37
346   $867.82   $780.62   $87.20   $11529.75
347   $867.82   $786.15   $81.67   $10743.60
348   $867.82   $791.72   $76.10   $9951.88
349   $867.82   $797.33   $70.49   $9154.55
350   $867.82   $802.98   $64.84   $8351.57
351   $867.82   $808.66   $59.16   $7542.91
352   $867.82   $814.39   $53.43   $6728.52
353   $867.82   $820.16   $47.66   $5908.36
354   $867.82   $825.97   $41.85   $5082.39
355   $867.82   $831.82   $36.0   $4250.57
356   $867.82   $837.71   $30.11   $3412.86
357   $867.82   $843.65   $24.17   $2569.21
358   $867.82   $849.62   $18.20   $1719.59
359   $867.82   $855.64   $12.18   $863.95
360   $870.70   $863.95   $6.12   $0.00

The accuracy and use of this calculator is not guaranteed.

     
 
     
     
Contact Info
Contact
by Email
Patty Harrison
patty@smartmtgs.net
Smart Mortgage
Ph: 630-854-3459
Cell: 630-854-3459
Fax: 630-904-9805