Interest-Only Mortgage Calculator

This calculator is provided as part of our partnership with Calculate.co.nz.

This Interest-Only Mortgage Calculator is a practical tool for financial planning. It is designed to provide clear insights into the payments you'd be making under an interest-only loan structure.

Begin by entering the loan principal amount – the total amount you're borrowing. Next, enter the interest rate, which is a crucial factor in determining your repayment amounts. The calculator will effortlessly calculate what you would pay in interest per week, fortnight and month.

Interest-Only mortgages are particularly useful for those looking to minimise their short-term payments while investing in property, as they allow for lower repayments during the interest-only period. You're paying only the interest on the loan, not the principal, which can be especially beneficial for investors focusing on capital gains or managing cash flow effectively.

Our calculator is a valuable resource for anyone in New Zealand's property market considering this type of mortgage. It helps you understand the implications of an interest-only loan, allowing for better budgeting and financial planning in your property investment journey.