Interest Only Mortgage Comparison

With the many mortgage options that are available today it pays to look at different scenarios. While interest rate and size of payment are important, you must also consider your lifestyle, where you are currently in your life, and the amount of risk that you are willing to undertake.

Please note that this calculator provides you with estimates specifically for "Interest Only" mortgages. Please select for "Mortgage Amortization" 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