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

IO vs P&I on $600,000

At 6.2% over 30 years.

Interest Only
$3,100
/month
Principal & Interest
$3,675
/month
IO saves $575/month — but you pay no principal
Loan Amount$600,000
Interest Rate6.2%
Monthly Saving (IO)$575
Other loan amounts
$300K$400K$500K$700K$800K$900K$1,000K$1,100K
Full IO vs P&I Calculator →