Andrew Semple, PrimeLending

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Interest Vs Fixed

From Rent vs. Buy to Balance over Time, use these dynamic Mortgage Calculators to help you determine the best course of action when considering a home loan.

Mortgage and Rent Information
Monthly Payment Results

Fixed Rate:

Interest Only:

 
 
Year Fixed Rate Mortgage Payments Fixed Rate Mortgage Balance Interest Only Payments Interest Only Balance
1 2 3 4 5
2 2 3 4 5
3 2 3 4 5
4 2 3 4 5
5 2 3 4 5
6 2 3 4 6
7 2 3 4 6
8 2 3 4 6
9 2 3 4 6
10 2 3 4 6
11 2 3 4 6
12 2 3 4 6
13 2 3 4 6
14 2 3 4 6
15 2 3 4 6
16 2 3 4 6
17 2 3 4 6
18 2 3 4 6
19 2 3 4 6
20 2 3 4 6
21 2 3 4 6
22 2 3 4 6
23 2 3 4 6
24 2 3 4 6
25 2 3 4 6
26 2 3 4 6
27 2 3 4 6
28 2 3 4 6
29 2 3 4 6
30 2 3 4 6