Interest-Only Loan Calculator
Compare the low payment during an interest-only period with the higher payment once principal kicks in, and the extra interest it costs.
Result
Interest-only payment
$1,625.00
- Payment after the interest-only period
- $2,236.72
- Payment increase
- $611.72
- Total interest
- $431,812.66
- Same loan, regular payment
- $1,896.20
- Extra interest versus a regular loan
- $49,179.19