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Interest Only Calculator

June 9th, 2011

Interest-only mortgage calculator

Interest-only mortgages promise low initial payments because borrowers repay none of their debt for the first several years. But payments can soar when the introductory period ends and they must start paying off the principal. Most interest-only loans also come with adjustable interest rates, which usually begin resetting at the same time.

Mortgage Calculators
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Certificate of deposit calculator

After TIME_LABEL earning RATE_OF_RETURN COMPOUND_INTEREST, your CD is worth TOTAL_AT_END_OF_INVESTMENT.

**GRAPH**


Results Summary
Initial deposit STARTING_AMOUNT
Length of CD TIME_LABEL (MONTHS months)
Interest rate RATE_OF_RETURN COMPOUND_INTEREST
Total annual yield TOTAL_YIELD
Annual percentage yield (APY) APY_RATE
Ending balance TOTAL_AT_END_OF_INVESTMENT

Certificate of Deposit Balances
**REPEATING GROUP**

Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes.We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

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This Financial Calculator requires SUN’s Java? Plug-in. If you see this message you will need to download SUN’s Java? Plug-in. This can be done automatically by clicking the yellow bar at the top of your browser and choosing ?Install ActiveX Control?.

    You can also get SUN’s Java? Plug-in here: Get the Java? Plug-in!

    For more information about this Plug-in please visit: SUN’s Java? Plug-in
    For more information about these financial calculators please visit: Financial Calculators from KJE Computer Solutions, LLC

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Definitions:
Initial deposit
The starting balance for your CD.
Months
The total number of months for this CD to mature.
Interest rate
The published interest rate for this CD. Make sure to enter the actual interest rate, not the annual percentage yield (APY).
Annual percentage yield (APY)
This is the effective annual interest rate earned for this CD. A CD’s APY depends on the frequency of compounding and the interest rate. Since APY measures your actual interest earned per year, you can use it to compare CD’s of different interest rates and compounding frequencies.
Compounding
Interest earned on your CD’s accumulated interest. This calculator allows you to choose the frequency that your CD’s interest income is added to your account.The more frequently this occurs, the sooner your accumulated interest income will generate additional interest. You may wish to check with your financial institution to find out how often interest is being compounded on your particular CD.

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