Insert the information in the form and the calculator will determine the mortgage payment.

What is the mortgage payment calculator?

The interest only mortgage calculator is a tool that determines the monthly payment if you were to take out this type of mortgage loan.

How to calculate mortgage payment?

To calculate mortgage payment you should use the following formula:
payment = loan amount * (annual interest rate / 100)

Why use mortgage payment calculator?

The interest only mortgage calculator is used in order to calculate the monthly payment if you were to take out this type of mortgage loan.