Interest-Only vs Principal-and-Interest Comparison
Useful for investment properties or cash-flow-sensitive scenarios; shows IO repayment, the P&I step-up after IO ends and the extra cost vs straight P&I.
Interest-Only vs Principal-and-Interest
When the interest-only period ends, the remaining principal is repaid over a shorter P&I term, so monthly repayments will step up noticeably.
How to use
Results refresh as you edit the fields — no need to press Calculate. Adjust any input to test alternative scenarios.
Notes
After the IO period the residual principal is repaid over a shorter P&I term, so repayments typically step up noticeably. Lender IO terms and renewal conditions vary.