Finance & Cost
Interest Only Calculator
Calculate initial interest-only payments and the payment shock when amortization begins.
Loan Configuration
Payment Schedule
Phase 1: Interest Only
$0.00
First 7 years
↓ Increases by $0 after IO ↓
Phase 2: Principal & Interest
$0.00
Remaining 23 years
Cost Breakdown
- Total Interest $0.00
- Total Principal $0.00
- Total Cost $0.00
Formula
I
=
P
×
r
12
Payment Shock: Be prepared for the payment jump when principal repayment begins.