40-Year Interest-Only Mortgage Calculator
Year ' + year + ': $' + monthlyPayment.toFixed(2) + '
'; } monthlyPayment = loanAmount * monthlyInterest; // Interest-only payment } } else { result.innerHTML = 'Please enter valid numbers.
'; } }| Year | Remaining Balance | Interest Payment | Total Payment |
|---|---|---|---|
| 1 | $300,000 | $12,000 | $12,000 |
| 2 | $300,000 | $12,000 | $12,000 |
| 3 | $300,000 | $12,000 | $12,000 |
| … | … | … | … |
| 40 | $300,000 | $12,000 | $12,000 |