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An interest-only mortgage calculator shows monthly payments during the interest-only period and the significantly higher payments once amortization begins. During the interest-only phase, no principal is reduced. When the loan converts to fully-amortizing, payments jump 30–50% to pay off the same balance in the remaining term.

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Esempi risolti

Ingresso

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Risultato

Result computed by the formula

Errori comuni da evitare

✕Measurement errors
✕Wrong assumptions

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