Legacy Home Mortgage - Phoenix Based Mortgage Lender
Legacy Home Mortgage
602.468.4155
info@legacyhome.us

4040 E. Camelback Road Suite 200
Phoenix AZ 85018


Equal Housing Lender
Interest Only Mortgage Payment Calculator
Use this form to calculate your potential minimum monthly payment with an interest only mortgage.

Interest Only Mortgage Payment Calculator
Interest Rate
Loan Amount
Annual Tax / Homeowners Ins.

Monthly Payment Information
Interest Payment
Monthly Tax / Homeowners Ins.
Total Monthly Payment
Other Calculators

Payment Calculator
Calculate Payments on a traditional mortgage.

2nd Mortgage Calculator
Calculate your 2nd mortgage payments.

Affordability Calculator
How much house / monthly payment can you afford?

Mortgage Amortization Calculator
Detailed breakdown of principal and interest payments over the life of your loan.

Option ARM Calculator
Calculate four monthly payment options with an adjustable interest rate .

Should I Refinance Calculator
Calculate savings in switching to a new loan.

HELOC Calculator
Calculate payments, interest, and savings for a HELOC.

Blended Interest Rate Calculator
Calculate your blended interest rate.

Canadian Flag   Canadian Mortgage Calculator
Calculate Payments on a traditional mortgage.


Commercial Calculators

Max Loan Amount Calculator
Calculate the max loan amount that a property will qualify for.

Debt Service Calculator
Calculate the Debt Service Coverage Ratio (D SCR) of a proposed loan amount.



An interest only mortgage is one where mortgage payments only cover interest costs. With interest only loans, the mortgage amount does not automatically decrease over time. The mortgage amount only decreases if you pay extra towards the principal.

The accuracy and applicability of the calculators on this site is not guaranteed. The calculation tools available are for demonstration purposes and may not compare directly to your actual loan.