# Interest Only Mortgage Payment Calculator

Interest Only Mortgage Payment Calculator is an online personal finance assessment tool to calculate the monthly interest as monthly regular payment on the principal for specific period of time. Unlike traditional mortgages, Interest only mortgages only requires you to pay the part of interest each month not to pay and decrease the principal. You need to pay the principal at the end of the loan period. The key terms principal amount and annual interest rate are used to estimate the monthly repayments