Interest Only vs. Principal & Interest

Interest Only vs. Principal Calculator

This calculator will help you to compare the monthly payment amounts for an interest-only mortgage and a principal-interest mortgage. Also included are optional fields for taxes, insurance, PMI, and association dues.

Mortgage loan amount:
Mortgage interest rate (%):
Mortgage loan term (# years):
Optional: Annual real estate taxes:
Optional: Annual homeowners insurance:
Optional: Monthly PMI (Private Mortgage Insurance):
Optional: Monthly association dues:
Results Interest Only Principal & Interest
Monthly Principal and Interest Payment:
Monthly Taxes, Insurance, PMI and dues:
Total monthly mortgage payment:

OUR LOCATIONS:

 

Lemmon Office
519 Main
PO Box 389
Lemmon, SD 57638
Phone: 605-374-3380
Fax: 605-374-3181
Bison Office
120 W. Main
PO Box 220
Bison, SD 57620
Phone: 605-244-7155
Fax: 605-244-7159
Hettinger Office
221 S. Main
PO Box 1020
Hettinger, ND 58639
Phone: 701-567-2153
Fax: 701-567-4692
Pierre Office
120 W. Sioux Ave.
PO Box 7145
Pierre, SD 57501
Phone: 605-224-4844
Fax: 605-224-6066
Faith Office
107 Main
PO Box 549
Faith, SD 57626
Phone: 605-967-2380
Fax: 605-967-2383