P&I Calculator

Q: What is a P&I (Principal & Interest) Calculator?

A P&I Calculator estimates the regular repayments on a principal and interest loan. Each repayment contributes towards reducing the amount borrowed while also covering interest charged on the outstanding loan balance.

Q: How does the P&I Calculator work?

Enter the property purchase price, deposit, interest rate and loan term. The calculator estimates the loan amount and provides an estimated monthly principal and interest repayment.

Q: What information do I need to use the calculator?

You only need four details: Property purchase price Deposit amount Interest rate Loan term in years If you’re unsure what interest rate or loan structure may be appropriate for your circumstances, Kesh Finance Solutions can help you explore suitable lending options.

Q: Does the calculator show how much I can borrow?

No. The calculator estimates repayments based on the figures you enter; it does not calculate your borrowing capacity or determine how much a lender may approve. Borrowing capacity can vary significantly between lenders depending on your income, expenses, existing debts, credit commitments and other circumstances. Kesh Finance Solutions can assess your situation and help you explore suitable lending options across different lenders.

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P&I Calculator – Principal & Interest Repayment Estimator

Our P&I (Principal & Interest) Calculator helps you estimate your monthly repayments based on your loan amount, interest rate, deposit, and loan term. Whether you’re planning to buy a home, refinance, or compare loan scenarios, this tool gives you a clear breakdown of how much you’ll pay and how your repayments are structured over time.

How the P&I Calculator Works

Simply enter the key details of your loan to estimate your monthly principal and interest repayments:

1. Property Purchase Price ($)
Enter the purchase price of the property.

2. Deposit ($)
Enter the amount of your deposit. The calculator will estimate the loan amount by subtracting your deposit from the purchase price.

3. Interest Rate (% p.a.)
Enter the annual interest rate you would like to use for the calculation.

4. Loan Term (Years)
Enter the proposed loan term, such as 30 years.

The calculator will then provide an estimated monthly principal and interest repayment based on the information entered.

Why Use a Principal & Interest Calculator?

A P&I calculator can help you:

Estimate your monthly home loan repayments
Compare different interest rates and loan terms
See how changing your deposit may affect your repayments
Compare different borrowing scenarios
Better understand whether a proposed repayment may fit your budget

The results are estimates only and may differ from actual lender repayments, fees and loan costs.

Example Scenario

For example, if a property purchase price is $800,000, with a $160,000 deposit, the estimated loan amount would be $640,000.

At an interest rate of 6.00% p.a. over a 30-year loan term, the estimated monthly principal and interest repayment would be approximately $3,837.

You can then change the purchase price, deposit, interest rate or loan term to compare different repayment scenarios.

Note: The calculation is an estimate only and does not include lender fees, government charges or other costs that may apply.

Make More Informed Home Loan Decisions

Understanding your estimated repayments can help you compare different loan scenarios and consider how changes to the loan amount, interest rate or loan term may affect your monthly repayments.

When you’re ready to explore your options, Kesh Finance Solutions can help you compare suitable lending solutions based on your circumstances and borrowing needs.

Disclaimer

This calculator provides general estimates for illustrative purposes only. Results are based on the information entered and may differ from actual lender repayments. Interest rates, fees, loan features, lending criteria and individual circumstances may affect the actual cost and availability of a loan.

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Frequently Asked Questions About P&I Calculator

What is a P&I (Principal & Interest) Calculator?

How does the P&I Calculator work?

What information do I need to use the calculator?

Does the calculator include additional fees or charges?

No. The calculator estimates principal and interest repayments only. It does not include costs such as lender fees, government charges, stamp duty, insurance or other costs that may apply.

Actual loan costs will depend on the lender, loan product, property and your individual circumstances.

How accurate are the repayment results?

The results are estimates based on the information you enter and a standard principal and interest repayment calculation.

Actual repayments may differ depending on the lender, interest rate, fees, loan features and repayment structure. The calculator should therefore be used as a guide rather than a lender quote or loan approval.

Does the calculator show how much I can borrow?

Ready to Explore Your Home Loan Options?

Your calculator result is a useful starting point. We can help you understand your borrowing options, compare suitable lenders and structure a home loan around your circumstances and goals.