![]() This amounts to $24,264.36 over 3 years which you can put towards the purchase of another investment property. ![]() rather than making P&I repayments.Īssuming no loan fees and monthly repayments over 30 years, you will save $674.01 per month by not having to make principal payments. You decide to lock in for a 3-year interest only term with a variable rate of 5.5% p.a. You have plans to flip or sell the property in a couple of years because you’ve purchased in a growth suburb – you’ve done your homework. Let’s say that you wanted to borrow $500,000 to buy a $600,000 investment property (a Loan to Value Ratio of 83%). We can assess your entire situation and long-term goals and make interest only recommendations that match your needs. Please call us on 1300 889 743 or complete our free assessment form today. You can even enter ‘0’ for the interest only period to find out how much you can save by making principal and interest (P&I) rather than a 5-year interest only (IO) term. In this way, you can make a better decision on your budget when purchasing an investment property and how much in interest costs you’re willing to wear if it allows you to more rapidly grow your investment portfolio. You can adjust the loan amount, interest rate, interest only period and even repayment frequency in order to compare and contrast. The interest only calculator will work out how much more in interest you’ll pay over a 30-year home loan term. ![]() What will this calculator allow me to do? Call 1300 889 743 or complete our online enquiry form to discover if you qualify. ![]()
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