Dakota Plains Credit Union - Edgeley, North Dakota

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Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S. Government Agency

Interest Only vs. Principal & Interest Mortgage Calculator
This calculator will help you to compare the monthly payment amounts for an interest-only mortgage and a principal-interest mortgage. Also included are optional fields for taxes, insurance, PMI, and association dues.

Mortgage loan amount
Mortgage interest rate (%)
Mortgage loan term (# years)
Optional - Annual real estate taxes
Optional - Annual homeowners insurance
Optional - Monthly PMI (Private Mortgage Insurance)
Optional - Monthly association dues

Results	Interest Only	Principal & Interest
Monthly Principal and Interest Payment
Monthly Taxes, Insurance, PMI, and dues
Total monthly mortgage payment


Disclaimer Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We can not and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
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Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S. Government Agency

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