Today is Mar 19, 2024
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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: $ 193,278.43
     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
Debbie Nelson
Residential Mortgage Loan Originator
Dash Home Mortgage Corporation
Ph: 979-245-5626
Cell: 281-507-7336
Fax: 713-490-3138