Calculators  /  Interest only monthly payment calculator


Use this calculator to discover the monthly repayments under an interest only loan structure, and, by how much the monthly payment may be reduced.

With this type of loan, the borrower pays only the interest on the principal balance, with the principal balance remaining unchanged. This type of loan can be popular with investors, and with borrowers looking to reduce their monthly payments.

Interest only monthly payment calculator
Total Home Loan Amount: $
Annual Interest Rate: %
Term of the Loan: years

Important: This tool should be used as a guide only, always seek professional financial advice when making decisions.