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Amortization Comparison: Fixed Rate vs. Interest Only Loan

Use the calculator below to calculate the how much more your principal balance is reduced by continuing to pay your old mortgage payment while on a interest only mortgage loan. (assumes continuation of previous monthly payment)

Payment Difference: Standard Fixed Rate VS. Interest Only Loans
Loan Amount:
(Numbers only: i.e. 100000)

Number of Years:

Fixed Rate:%      Interest Only Rate:%
(As decimal: i.e. 7.25)


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