Interest Only (IO) Calculator

Use our easy to use interest only calculator to estimate the repayments for your IO home loan.

Why do some borrowers choose interest only repayments?

With nearly 30% of all home loans in Australia electing to use interest only payments, interest only payments provide value to a lot of borrowers. The majority of interest only payments are attached to investment loans, as this gives the flexibility for borrowers to minimise their cash flow costs on holding an investment property allowing them to instead focus on paying down their non-deductible personal debt such as their residences home loan, car loans etc. It’s important to balance the flexibility of interest only repayments early on with the increased principal and interest repayments after the interest only period. Be sure to calculate this cash flow difference as you don’t want to put financial pressure on yourself in the future.

Do you need assistance with finding out how much the repayments would be on an interest only home loan? Speak with a broker today.

Disclaimer:  The calculations do not take into account all fees and charges. The results provided by this calculator are an estimate only, and should not be relied on for the purpose of making a decision in relation to a loan. Interest rates and other costs can change over time, affecting the total cost of the loan. Borrowers should consider discussing their individual situation with a qualified Australian Credit Licensee or authorised Credit Representative.