Calculators
Interest-only mortgage calculator
Use this calculator to explore an indicative scenario before speaking with a broker.
01The loan
% p.a.
Interest-only period
Total term
Interest-only monthly
—
Principal and interest after—
Interest only at rate + 3%—
Total interest—
Over timeBalanceComparison
$0$0$0$0
StartHover to scrub
Balance—
Comparison—
Assumptions
During the interest-only period you pay the interest and the balance stays the same.After that, principal and interest is recalculated on the remaining term.Where a loan is involved, a lender still tests repayments at the interest rate plus the 3% serviceability buffer.
The calculations do not take into account all fees and charges. Results are estimates only and should not be relied on to make a loan decision. Interest rates and other costs can change. Calculator results are not an offer of credit or a pre-approval. Discuss your individual situation with a qualified Australian Credit Licensee or authorised Credit Representative.
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