Interest Only Home Loan Calculator
How to use the Interest Only Home Loan Repayment Calculator
Just input the details for the home loan per below to check the interest only repayments. If you want to know more accurate rates/terms applicable to you, please check out our processes at our Mortgage Broker Brisbane page or contact us.
- Loan amount: For a purchase, this would be the purchase price less your deposit + LMI.
- Interest rate: Use the interest rates at the top of this page as a guide, or email us for updated rates.
- Loan term: In most cases, just use 30 years. We do have options from 1 - 35 years (35% only available at 80% LVR), so choose what you're comfortable with.
- Loan fee: $0 - $400 p.a. depending on the products.
- Repayment Frequency: Note that there are 4.33 weeks per month, or 2.166 fortnights.
Interest Only Home Loan Repayment Calculator FAQ:
What is the maximum loan term?
At 80% LVR: 35 years. At 95% LVR: 30 years. There is also a 40 year option but this isn't generally recommended.
What are the interest rates?
See the rates at the top of this page for the current competitive rates, or call for a quote.
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