Interest-only Mortgage Calculator

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Interest Only mortgages are tricky, because they can be misleading.
An interest only mortgage allows you to pay only the interest portion of your loan each month. But that is only for a limited amount of time.
Once that initial period is over (normally 10 years), your loan will then recast and your payment will be calculated based on principal and interest for a payoff due in the remaining years. That could be a significant jump, so please get specific details before choosing this type of loan.

Input Information
Total Home Loan Amount: $
Annual Interest Rate: %
Term of the Loan: years
Churchill Mortgage provides these calculators as a resource only and in no way guarantees the accuracy of the results. Please contact us directly for more specific information regarding payments, terms, etc.

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