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Interest Only Mortgage Calculator

Often beneficial for borrowers intending to get a home and land loan, the interest only period on loan assist the borrowers to lessen the burden of loan repayments until the intended property does not yield any income to support the principal repayment on loan.

This calculator helps you work out:

  • The repayments before and after the interest-only period
  • The total interest cost payable on the loan
  • How much in total will you pay on the particular home loan.

Things you should know

  • This is a model, not a prediction. Amounts and repayment periods are estimates only, actual amounts may be higher or lower.
  • Results are based on the information you have provided and do not take your personal circumstances into account.
  • This calculator applies to loans that have an interest-only period, then for the remaining period of the loan, both principal (the amount borrowed) and interest are repaid.
  • This calculator is not intended to be your sole source of information when making a financial decision. You may wish to consider getting advice from a licensed finance professional.
  • Using this calculator does not guarantee you will be eligible for a loan. You will need to satisfy your lender’s lending criteria

 

Terms and conditions apply to all loan options. Interest rates used are current reference rates and subject to change. Default figures and assumptions are also subject to change. Applications for a home loan are subject to credit approval, satisfactory security, and minimum deposit requirements. Full terms and conditions will be set out in our loan offer if an offer is made

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