Most bank websites can calculate repayments for P & I loans but i’m curious as to the difference in repayments with IO loans
Cheers
DaveYou work this one out yourself.
$100 000 @ 7% IO is $7000
Divide by 52 = $134.61p/wDOH !
Thanks RussUm that only works for the first year…but then not really anyway cause of fees etc.
try ANZ.com.au, they got a good one. so do bankwest and even aussie i think
email Margaret Lomas – she has a great one and its FREE – she is not from this forum though – not yet anyway.
“If You never never ask, you’ll never never know”
Interest Only is the easiest one to do. Once you know how to do it you wander how you thought it could be so difficult.
I remember learning it and when it finally clunked.
I have a financial calculator in my site URL=”http://www.jaffasoft.com”]Calculator[/URL. There is a few different calculators in there in Property>Other calculators.There is a fairly extensive online positive cashflow calculator in there too, which you can choose Interest Only or Principle & Interest to calculate into the other variables. Once i get going there will be more calculators in there then known to man.
If you have any requests, i will make them up for you!
Hi Dave,
Another site that has a range of calculators is
http://www.realestate.com.au/cgi-bin/rsearch?a=loan&t=res
Derek
[email protected]Read my comments? Think I can help you? PM or email me.
Thanks for your replies , they’re all appreciated.
This is a great forum, well done Steve !!
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