Interest Only ARM Calculator

Calculate payments for an interest-only adjustable-rate mortgage.

Loan Details

Loan Amount

Loan Term30 years

15 years30 years

Initial Interest Rate

Interest-Only Period5 years

1 years10 years

Adjusted Interest Rate

Interest-Only Payment$1,375.00

Fully Amortized Payment$2,120.34

Payment Increase$745.34

Total Interest$418,601.28

Total Payment$718,601.28