If “Count interest-only toward term” is checked, the amortization length is reduced by the IO period.
If unchecked, the IO period happens first and then a full amortization runs for the stated term.
Monthly payment (P&I)
$0
Interest-only payment (monthly)
—
Total interest (full term)
$0
Total paid (principal + interest)
$0
Amortization Schedule
#
Phase
Date
Payment
Principal
Interest
Balance
Table shows the first 240 rows for speed. CSV download always includes the full schedule.