Interest-only repayments on a €200,000 loan — Ireland

At 4% over 30 years with a 5-year interest-only period:

• Interest-only repayment: €667 a month
• Reverts to: €1,056 a month
• Payment jump: €389 a month
• Extra interest vs P&I: €12,963

Frequently asked questions

What are interest-only repayments on a €200,000 loan?

At 4%, about €667 a month. Nothing comes off the balance, so you still owe €200,000 when the interest-only period ends.

How much does the repayment jump?

By about €389 a month after a 5-year interest-only period, because the full €200,000 must then be repaid over the remaining 25 years.

What does it cost overall?

About €12,963 more interest over the life of the loan than paying principal and interest from the start.

Compare with principal & interest on the same loan

Estimate only. Assumes a fixed rate and no fees; lenders often price interest-only higher. Not financial advice.