Math Calculator & Tools

Calculate Fixed rate of Interest on home loan payment

Interest Only Mortgage calculation

Interest only mortgage loan payment means where the money borrower pays only the interest for his home or auto loan principal amount, Where as he pay only the interest and the balance on his/her principle amount is unchanged.

In this type of loan repayment, the borrower pays only the interest on the principal balance, with the principal balance unchanged. The rates on interest only loans can change as often as every month, or may be fixed for some years. This free online calculation tool helps you to calculate only interest on mortgage financial payment of hoam loan, car loan, boat loan etc.