Sometimes you just want a simple calculator that can tell you what your interest is on your mortgage loan.  If you want a simple and easy to use mortgage interest calculator try this one http://www.rebuz.com/calc/calculators/interest-only-calculator.php You can use this Interest Only Calculator to figure out your total monthly principal, interest and total payment.

If you input your loan amount, interest rate and length of your mortgage this interest only mortgage calculator will give you a breakdown of your principal mortgage payment and your interest by year and by month as well.  Knowing exactly where your money is going is a great help in planning your finances wisely.

If you need to have a hard copy to print out then you are able to save your schedule table in a pdf form and then print it.  This is great for the person who likes to save everything in a hard copy form.  The early part of your mortgage loan is when you will pay the most in interest payments.  This online mortgage interest calculator helps you to see exactly how much you will spend in interest.  This can give you an idea if you would be better served to try and pay more towards the principal of your mortgage loan.  If you are able to do this it is usually a good idea.