# Interest Only Mortgage Payment Calculator

An interest only mortgage is a loan payment in which for a set term the borrower pays only the interest on the principal balance, with the principal balance unchanged.
Free simple Fixed Rate interest only mortgage loan payment calculations online.

## Interest Only Mortgage Payment Calculator

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**Interest Only Loan/Mortgage Definition : **
An Fixed Rate interest only mortgage/loan is a loan in which for a set term the borrower pays only the interest on the principal balance, with the principal balance unchanged.

This tool will help you dynamically to calculate the interest only mortgage financial payment. Calculating Mortgage is made easier.