Interest Only vs. 40 Year

From Rent vs. Buy to Balance over Time, use these dynamic Mortgage Calculators to help you determine the best course of action when considering a home loan.

The information provided by our calculators cannot be guaranteed in regards to your individual financial position by 40YearMortgages.com. All examples are hypothetical for illustrative purposes only. The yearly loan payments do not reflect a necessary estimate for taxes and insurance. For the most accurate and personalized results, we encourage you to seek advice from one of our qualified financial professionals. Click Here to Ask an Expert.

 
 

Mortgage and Rent Information

 
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Monthly Payment Results

Fixed Rate:

 

Interest Only:

 

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Interest Only vs. Fixed

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Year Fixed Rate Mortgage Payments Fixed Rate Mortgage Balance Interest Only Payments Interest Only Balance
1 2 3 4 5
2 2 3 4 5
3 2 3 4 5
4 2 3 4 5
5 2 3 4 5
6 2 3 4 6
7 2 3 4 6
8 2 3 4 6
9 2 3 4 6
10 2 3 4 6
11 2 3 4 6
12 2 3 4 6
13 2 3 4 6
14 2 3 4 6
15 2 3 4 6
16 2 3 4 6
17 2 3 4 6
18 2 3 4 6
19 2 3 4 6
20 2 3 4 6
21 2 3 4 6
22 2 3 4 6
23 2 3 4 6
24 2 3 4 6
25 2 3 4 6
26 2 3 4 6
27 2 3 4 6
28 2 3 4 6
29 2 3 4 6
30 2 3 4 6
16 2 3 4 6
17 2 3 4 6
18 2 3 4 6
19 2 3 4 6
20 2 3 4 6
21 2 3 4 6
22 2 3 4 6
23 2 3 4 6
24 2 3 4 6
25 2 3 4 6
26 2 3 4 6
27 2 3 4 6
28 2 3 4 6
29 2 3 4 6
30 2 3 4 6
31 2 3 4 6
32 2 3 4 6
33 2 3 4 6
34 2 3 4 6
35 2 3 4 6
36 2 3 4 6
37 2 3 4 6
38 2 3 4 6
39 2 3 4 6
40 2 3 4 6
 
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