For example, comparing a $300,000 interest-only loan at 4.5% vs 5% interest over 5 years shows a difference of about $125 per month. Our calculators let you adjust loan amounts, rates, and terms to determine the most cost-effective option.
Read our full Interest only Loan Guide →Q1: Can I compare multiple lenders?
A1: Yes, 2–3 lenders
Q2: Does it include fees?
A2: Only principal and interest; fees can be added manually.
Q3: Who should use it?
A3: Anyone considering an interest-only loan.
Q4: Can I test different interest rates?
A4: Yes, adjust rates to see payment differences.
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