Interest-Only vs Repayment
Compare the monthly cost and the lifetime cost — and see what you’d still owe at the end on interest-only.
| Over the full term | Repayment | Interest-only |
|---|
Interest-only keeps payments low, but the full loan is still outstanding at the end — you need a separate plan (savings, investments or sale) to repay it, and you pay more interest overall because the balance never falls.