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.




    Compare rates, features and fees across all our home loans in this easy table.