Mortgage Interest Only Calculator
The Interest Only Mortgage Calculator helps you determine how much money each month you will be saving between a fully amortizing loan payment and an interest only loan payment. Interest only mortgages were starting to become popular, but with the credit crunch and the declining housing market, these loans are becoming harder to get approved for and in turn less desirable. If you have an interest only mortgage or still want to get one, this calculator will help you see how your monthly mortgage payments would be affected by changing interest rates.
