Estimate monthly interest-only payments and total interest paid over an interest-only period. This tool assumes a fixed interest rate and no principal repayment during the interest-only phase.
Monthly payment (interest-only) is: Loan amount × (Annual interest rate ÷ 12).
This calculator also estimates total interest paid over your chosen interest-only period.
Note: This calculator only covers the interest-only phase. Once the interest-only period ends, your lender may require higher payments to pay off the principal over the remaining term. Always review loan terms with a qualified professional.