Interest Only Loan Calculator

Interest Only Loan Calculator

Interest Only Loan Calculator

Use this interest only mortgage calculator to work out the difference between principle-and-interest and interest-only loan payments. For a detailed explanation of what an interest only mortgage is, and how it works, see our Interest Only Home Loans Explained page.

How To Use The Interest Only Loan Calculator

Select the repayment type. Enter the loan amount, interest rate and loan term. Select the payment frequency. The results will indicate how much your repayments will be, the total cost of the loan and the total amount you'll pay in interest.

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