Principal & Interest / Interest Only mortgage calculator
P&I / Interest Only loan calculator
Use this mortgage calculator to work out the difference between principle-and-interest and interest-only loan payments. The how much can I borrow mortgage calculator might also be of interest to you.
Instructions
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.
Disclaimer: Whilst every effort has been made to ensure the accuracy of this calculator, the results
should be used as indication only. They are neither a quote nor a pre-qualification for a home loan.
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