Insert
loan amount,
varying interest rates
and
term of the
loan to see what your
interest only payments might be. The monthly savings on
interest only is significant. You may pay over this amount
(typically up to 20% extra per year - varies by lender)
without a penalty.
Disclaimer: Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We can not and do not guarantee their applicability or accuracy in regards to your
individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
