Overview

A simple calculator to work out monthly, annual, and total interest payment for an interest only loan.

Interest only loans are very popular for property investors as it allows you to maximize your tax benefits in the first few years, especially if you buy a brand new property.

This simple interest only mortgage calculator tells you monthly, fortnightly, or weekly interest payment of your interest only loan. It also shows the annual interest and total interest payment you are going to pay. Moreover, this calculator allows you to specify different interest rates throughout the loan term - it is very handy to work out your new repayment if there is an interest rate change.

Here is a screenshot that will give you a better idea that what you need to do and what this Interest Only Loan Calculator can do for you.

Interest Only Loan Calculator

Things You Need to Know

This calculator is built in Microsoft Excel worksheet. You need to have Microsoft Excel® 2013 & Above for Microsoft Windows® OR Microsoft Excel 2016 & Above for Mac® to use it.

All the calculators (paid and free ones) on this website are password protected. We don't provide unprotected versions of the PAID calculators due to copyright reasons. If you purchase the paid calculators because you want to get the unprotected version please don't make the purchase as we are not going to provide unprotected copies. By purchasing the paid calculators you agree that no unprotected copies of the PAID calculators will be provided to you. If you don't agree please do not purchase. If you need the unprotected version of any FREE calculator a fee will apply. The advantage of the unprotected version is that you can freely edit the tool without any limit although we still own the copyright of the unprotected calculator. Please note you cannot redistribute our calculators without a written approval from us even for the ones with your modification or customization. In addition we are not going to provide any support on unprotected calculators with any modification or customization.

Download FREE Interest Only Loan Calculator