Interest-Only with Additional Payments Calculator

Input Information

Loan Information
Amount :	($)
Interest Rate :	(%)
Length :	(Years)
Additional Payment :	($)
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Financial Analysis

	Interest-Only	With Additional Payment
Average Monthly Payment :	$989.58	$1,004.06
Months Paid :	360	360
Total Monthly Payments :	$356,250.00	$361,460.62
Total Interest Paid :	$356,250.00	$343,460.62
Interest Savings :	$12,789.38
Balance :	$250,000.00	$232,000.00
Equity Appreciation	$0.00	$18,000.00

DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or it's applicability to your financial situation. Please consult your own financial advisor.