This interest-only mortgage calculator will help you find out what payment you will pay based on the interest-only payback portion for your loan principal. This result will likely be lower than a standard mortgage payment as it calculates your obligation for the interest-only portion of the mortgage, rather than the principal and interest. To use the calculator simply enter the loan principal amount and loan interest rate and the interest-only mortgage calculator will calculate the payment amounts for you.
For help getting approved for a home loan we recommend Stewart & Lord – Registered Financial Advisers. To contact Stewart & Lord please click here.
Loan principal amount
Interest rate (in percent; i.e. 4.5)
Interest payment amount per month
Interest payment amount per fortnight
Interest payment amount per week
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