Interest Only Calculator
Compare Interest Only and Principal & Interest Repayments
Use the calculator below to estimate interest only repayments and compare them with principal and interest repayments over your loan.
Interest Only Repayment Calculator
Enter your loan amount, interest rate and loan term below to compare the repayment options.
When Might Interest Only Be Considered?
Interest only repayments are commonly considered by some property investors as part of their broader investment and cash-flow strategy. They are not automatically the right option for every borrower.
The total interest paid over the life of the loan may be higher, and lender eligibility and interest rates can differ from principal and interest lending.
Not Sure Which Repayment Structure Suits You?
OCEAN Lending can help you compare interest only and principal and interest options and discuss how the structure may fit your lending strategy.