By request, I created a new loan calculator specifically for fixed-rate interest-only mortgage loans. It is based on my amortization schedule template, but allows you to enter the IO period in years and make extra payments during that time. At the end of the IO period, the loan is amortized using the current balance and number of years remaining.
Interest-Only Mortgage Loan Calculator
By request, I created a new loan calculator specifically for fixed-rate interest-only mortgage loans. It is based on my amortization schedule template, but allows you to enter the IO period in years and make extra payments during that time. At the end of the IO period, the loan is amortized using the current balance and number of years remaining.
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