Home/Calculators/Interest Only vs P&I Calculator/This Page

IO vs P&I on $1,200,000

At 6.2% over 30 years.

Interest Only
$6,200
/month
Principal & Interest
$7,350
/month
IO saves $1,150/month — but you pay no principal
Loan Amount$1,200,000
Interest Rate6.2%
Monthly Saving (IO)$1,150
Other loan amounts
$300K$400K$500K$600K$700K$800K$900K$1,000K
Full IO vs P&I Calculator →