Interest-only mortgage
Working out the repayments for an interest only loan
Want to find out what the repayments and total interest will be on your interest only loan? Our
interest only mortgage calculator gives you an estimate of the repayments during and after the
interest only period. It also gives you an estimate of the total interest payable with different
interest only arrangements
By entering the loan amount, interest rate, total term and interest only term this calculator will
provide you a break down of the interest only repayments and the principle and interest
repayments after the initial interest only period. It is a handy tool to work out the impact of this
type of structures on your overall mortgage.
Make sure you enter realistic figures so that you can give yourself a more accurate picture. This
can help to plan more effectively. To work out your borrowing power, pair this calculator with our
borrowing capacity calculator
“*The calculator has been provided in good faith as a guidance tool only. Results are not financial advice, are a guide only, and are not a guaranteed outcome or quote. Borrowers should always discuss their individual situation with an Australian Credit Licensee or authorised Credit Representative”
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