Search

Interest-Only Mortgage Calculator

Updated 7 October 2024
​​​​
​Our Interest-Only Mortgage Calculator Makes The Numbers Clear
  • Our calculator shows you what an interest-only mortgage's repayments will be (weekly, fortnightly and monthly) and reveals the total costs of an interest-only mortgage.
  • Our guide to interest-only mortgages explains the pros and cons of such an arrangement in detail. 

If you are considering an interest-only mortgage, think very carefully about whether it is right for you

Interest Only Mortgage Calculator

Mortgage Amount
Loan Length
Interest Rate
Payments Per Year
Mortgage Payment
-
Mortgage Amount
-
Total Interest
-
Total Cost
-
Our calculations are based on the assumption that you make the same fixed mortgage repayment for the entire interest-only loan period, the interest rate does not increase or decrease, you don't miss any repayment deadlines, overpay or underpay.

Ready to Apply for an Interest-Only Home Loan?

Consider a Mortgage Broker - They Usually Save Time and Money

​Mortgage brokers are popular and don't charge a fee. Their service goes beyond what a bank offers by comparing a number of lenders to find the best deal for your circumstances.

We've shortlisted top-rated mortgage brokers who go the distance for their clients in select cities around New Zealand:
Related guides include: