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Use bankrate's free calculator to estimate your mortgage payments. See the amortization schedule, total interest, and payment savings for different loan amounts, rates, and terms. Compare interest rates for various types of loans and savings accounts and find out how much debt costs you.

Interest only loan calculator with amortization schedule to calculate monthly payment for your interest only loan Discover if this mortgage option suits your financial goals. Calculate monthly mortgage payments on your home for interest only period and principal plus interest period

Create a mortgage amortization schedule for your interest only mortgage

Rather than buy a conventional mortgage at a set rate, the clever consumer can either buy more house for the same monthly payment or pay what they want during the early phase of the loan.

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