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When lenders underwrite your loan, they calculate your
insurance and property taxes as if they were paid monthly.
This calculator does the same thing.
Mortgage Calculator
Interest-Only Loan vs Amortized Loan Comparison:-
Enter the amount you intend to borrow:
$
30-Yr Fixed
Amortized Loan
30-Yr
Interest-Only
Enter your mortgage loan rate (APR):
%
%
*
Your Monthly Payment:
$
$
Monthly difference between the two payment terms:
$
**Calculations are based upon the assumptions you entered. Please note that rounding errors can make a small difference in calculations. Your actual mortgage lending rate may vary depending on your credit quality and lender.
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