» Interest Only vs. Fixed

Calculate the difference in your monthly payments whether you go with an interest-only or fixed rate mortgage. Note that the interest only mortgage is assumed to have a fixed rate for the entire term.

Mortgage and Rent Information

Loan Amount:

Term:

30 years 15 years 10 years 5 years

Fixed Interest:

Interest Only:

Monthly Payment Results

Fixed Rate:

Interest Only:

*About Our Calculators

View Report

Year	Fixed Rate Mortgage Payments	Fixed Rate Mortgage Balance	Interest Only Payments	Interest Only Balance
1	2	3	4	5
2	2	3	4	5
3	2	3	4	5
4	2	3	4	5
5	2	3	4	5
6	2	3	4	6
7	2	3	4	6
8	2	3	4	6
9	2	3	4	6
10	2	3	4	6
11	2	3	4	6
12	2	3	4	6
13	2	3	4	6
14	2	3	4	6
15	2	3	4	6
16	2	3	4	6
17	2	3	4	6
18	2	3	4	6
19	2	3	4	6
20	2	3	4	6
21	2	3	4	6
22	2	3	4	6
23	2	3	4	6
24	2	3	4	6
25	2	3	4	6
26	2	3	4	6
27	2	3	4	6
28	2	3	4	6
29	2	3	4	6
30	2	3	4	6

The information provided by our calculators cannot be guaranteed in regards to your individual financial position by White Pine Funding LLC.. All examples are hypothetical for illustrative purposes only. For the most accurate and personalized results, we encourage you to seek advice from one of our qualified financial professionals.