P&I / Interest only calculator

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    Calculate differences in repayment types

    Want to know how your mortgage repayments will be affected on Principal & Interest (P&I) compared to Interest Only? Or, maybe you need to find out the total cost of an interest-only loan over the full loan term. The P&I and Interest Only calculator is your one-stop shop to crunch your repayment costs!

    The P&I and Interest Only Calculator is here to help you decide which repayment type is right for you and your budget.

    As a general guide:

    • Paying P&I will help you pay off the mortgage sooner, ideal for those who want to own a home outright.
    • Interest Only loans are popular among investors, who are looking to maximise cash flow and return on investment.

    Need a hand?

    Remember, you can talk directly to one of our accredited Personal Finance Managers on 1300 REDUCE (733 823). They’ll answer any of your questions and you can even apply for a home loan on the spot.

    Want a call back? Fill in a no-obligation enquiry form or speak to our live chat representatives and the next available Personal Finance Manager will call you back.

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