Today is Oct 19, 2017
Company Logo
     
     
 
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: $ 193,278.43
     Total Amount: $ 293,278.43
     
 
 
Your Results    
 
Year Total Payment Paid Principal Interest Paid Ending Balance
1   $8499.96   $0   $8,499.96   $100000
2   $8499.96   $0   $8,499.96   $100000
3   $8499.96   $0   $8,499.96   $100000
4   $8499.96   $0   $8,499.96   $100000
5   $8499.96   $0   $8,499.96   $100000
6   $8499.96   $0   $8,499.96   $100000
7   $8499.96   $0   $8,499.96   $100000
8   $8499.96   $0   $8,499.96   $100000
9   $8499.96   $0   $8,499.96   $100000
10   $8499.96   $0   $8,499.96   $100000
11   $10,413.88   $1,990.23   $8,423.65   $98009.81
12   $10,413.88   $2,166.14   $8,247.74   $95843.71
13   $10,413.88   $2,357.61   $8,056.27   $93486.14
14   $10,413.88   $2,565.99   $7,847.89   $90920.19
15   $10,413.88   $2,792.80   $7,621.08   $88127.42
16   $10,413.88   $3,039.66   $7,374.22   $85087.81
17   $10,413.88   $3,308.33   $7,105.55   $81779.52
18   $10,413.88   $3,600.75   $6,813.13   $78178.80
19   $10,413.88   $3,919.02   $6,494.86   $74259.82
20   $10,413.88   $4,265.43   $6,148.45   $69994.43
21   $10,413.88   $4,642.45   $5,771.43   $65352.02
22   $10,413.88   $5,052.79   $5,361.09   $60299.27
23   $10,413.88   $5,499.41   $4,914.47   $54799.90
24   $10,413.88   $5,985.51   $4,428.37   $48814.43
25   $10,413.88   $6,514.57   $3,899.31   $42299.90
26   $10,413.88   $7,090.39   $3,323.49   $35209.55
27   $10,413.88   $7,717.12   $2,696.76   $27492.47
28   $10,413.88   $8,399.23   $2,014.65   $19093.28
29   $10,413.88   $9,141.65   $1,272.23   $9951.67
30   $10,415.87   $9,951.67   $464.20   $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
Mobile: 630-854-3459
Fax: 630-904-9805