Interest Only Maximum Mortgage

Calculate an approximate amount of the maximum mortgage you can reasonably afford. The amount and payment that are calculated are accurate estimates, but let Gibbard Group help you to obtain a specific amount that you can work with and provide counsel on credit qualifications and assistance in getting you the amount that you desire.

Please note that this calculator provides you with estimates specifically for "Interest Only" mortgages. Please select for "Amortization in Years" from either 5/20 Interest Only or 10/15 Interest Only.

• If selecting 5/20 Interest Only, you are choosing to pay interest only for the first 5 years, and then pay off your mortgage, interest and principal, over the next 20 years.
• If selecting 10/15 Interest Only, you are choosing to pay interest only for the first 10 years, and then pay off your mortgage, interest and principal, over the next 15 years.

View the report for a summary of the payments to be made over the 25 year amortization.

Click here to launch the calculator