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Interest Only vs. Principal & Interest Mortgage Calculator
This calculator will help you to compare the monthly payment amounts for an interest-only mortgage and a principal-interest mortgage. Also included are optional fields for taxes, home insurance, mortgage insurance. I
Mortgage loan amount:
Mortgage interest rate (%):
Mortgage loan term (# years):
Optional: Annual real estate taxes (IE council rates, land tax):
Optional: Annual homeowners insurance:
Optional: Monthly Mortgage Insurance:
Optional: Other Expenses:

Results	Interest Only	Principal & Interest
Monthly Principal and Interest Payment:
Monthly Taxes, Home Insurance, Mortgage Insurance and Other Expenses:
Total monthly mortgage payment:

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