Work out what your repayments will be and compare options — principal, interest, and balance over time. During interest-only, optional extra repayments still reduce principal if your lender allows it. Portion A + B should equal 100%. Same term and frequency; rates can differ. $0 $0 $0 $0 $0 Increasing repayments saves interest and time. Try the extra repayment field to see the impact.
For illustration only. Not financial advice. Actual lender fees, daily interest, and rounding may differ. Mortgage calculator
Your loan
Results
Get mortgage-free sooner
Principal vs interest (total cost)
Loan balance over time