Home Loans

Expert Guidance For Every Home Loan Need

The Lending Array team of home loan experts is dedicated to making your journey to securing a home loan as seamless and stress-free as possible. Got questions about home loan interest rates? We know the industry inside and out, so you can trust us to find the best options for you.

When it’s time to level up to something bigger and better, make Lending Array your first call. Our experienced and accredited home loan brokers have an in-depth understanding of the property market. Whether you’re stepping into the property market for the first time, refinancing your current loan, or partially fixing your loan to take advantage of low interest rates, the Lending Array team is here to provide expert advice and ensure you’re getting the best possible deal.

Personalised Guidance For Your Home Loan Journey

At Lending Array, we know how overwhelming finding the right home loan can be. Whether you’re buying your first home or upgrading to your dream property, we’re here to make the process easy and stress-free.

Why Choose Us?

Request A Call Back

Thank You for Contacting Us!

We will be in touch with you shortly.
Description

This interest only mortgage calculator helps you work out what your regular repayments during and after interest only period will be based on your loan amount. Repayments frequency can be changed to monthly, fortnightly or weekly. Calculate both Principal and Interest repayments for a loan term.

Assumptions
  • It does not take into account any possible up-front fees. Only Ongoing fees are used not Upfront or End of loan fees (i.e. discharge costs)
  • Interest rate does not change over the loan term.
  • Interest is calculated by compounding on the same repayment frequency selected, i.e. weekly, fortnightly, monthly. In practice, interest compounding frequency may not be the same as repayment frequency.
  • It is assumed that a year consists 26 fortnights or 52 weeks which is counted as 364 days rather than 365 or 366 days.
  • No rounding is done throughout calculation whereas repayments are rounded to at least the nearer cent in practice.