To determine which home loan is the most cost-effective for you, it is important to know when your payments are going towards paying off the interest or towards reducing the actual loan.

Use our Principal and Interest or Interest Only home loans calculator to compare the impact of the two options on total fees and interest you pay over the length of the home loan. This calculator will help you to compare the monthly payment amounts for both options.

Use the Principle and Interest or Interest Only home loans calculator to plan a strategy that works for you.

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The results from this calculator is an indication only. The results do not represent either quotes or pre-qualifications for a loan. The specific details of your loan will be provided to you in your loan contract. It is advised that you obtain independent legal and/or financial advice before taking out a loan.

Important information

These calculations do not take into account any fees and charges. The results provided by these calculators are an approximate guide only. These calculators, or the results generated, do not constitute any agreement by us to provide credit assistance. Applications are subject to normal lending guidelines.

WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate