How do you calculate principal and interest repayments?
The same way we calculate the repayments for any type of home loan.
At a very basic level, we take your loan amount, add the total amount of interest we’ll charge over the life of the loan, and then divide that total up evenly into a weekly, fortnightly, or monthly amount (whichever suits you best) based on the length of your loan term.
Found in:
- Interest rates
- Refinancing