Loan Comparison - Interest Only Loan versus Conventional Loan

This mortgage calculator allows you compare interest only loans versus conventional amortized loans. Enter the balance and rate for each loan. Clicking the "IOP" button calculates the interest only payment Clicking the "30" or "15" buttons generates the payments for 30 and 15 year fixed rate loans respectively.

Interest Only Loan Conventional Loan
Balance Rate Current Mortgage Rates Payment
Balance Rate Payment
Month (Year)Balance #1Interest #1Tot Int #1Tot Pmt #1Balance #2Interest #2Tot Int #2Int Diff

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