ASIC releases interest-only mortgage calculator

ASIC releases interest-only mortgage calculator
Michael CrawfordDecember 7, 2020

The Australian Securities and Investments Commission has released a calculator to help potential investors work out three key factors behind an interest-only mortgage.

The interest-only mortgage calculator, available here, crunches the numbers behind the repayments before and after the interest-only period, the total cost of an interest-only mortgage and how much more you will pay with an interest-only mortgage compared to a principal and interest loan.

ASIC has also released a handy guide to interest-only loans for property investors available here, as well as a checklist for property investors considering interest-only payments for mortgages

Michael Crawford

Michael is the real estate reporter for western Sydney and loves writing about homes and the people who live in them. A former production editor and news journalist, he enjoys writing about real-world property purchases as well as aspirational buys and builds. Following a recent move from Sydney’s northern beaches, Michael now actually enjoys commuting.

Editor's Picks

Box Hill's best new apartment development approaches completion
"We will reward the buildings that are designed the best" VIC Gov to speed up approvals for best designed apartment developments
Beulah unveils new sustainable Fitzroy development
UEM Sunrise approved to develop two towers on Subiaco Oval
Traders in Purple line-up new Padstow development