For many years, most lenders, mortgage brokers and financial advisers have recommended interest-only loans over a principal and interest loan to free up cash flow, and maximise the tax-deductible portion of outgoings (the interest part of your home loan repayment).
However, price pressures from industry regulators have increased the costs of interest-only loans so much that for most property investors, choosing an interest-only loan could be costing property investors thousands.
This calculator will help you work out whether choosing interest-only or a principal and interest repayments for your investment property loan could be financially better for you.
We calculate the results by taking into consideration:
If your result is a positive figure (green coloured), you could be better off choosing a principal and interest loan.
If your result is negative, you could be better off choosing an interest-only loan.
UNO Brokers are available night and day for a quick review or your situation and bring expertise that will support better decision making that will save you time and money. Book in a quick call when it suits your busy scheduleGet Started