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Fair comment, Dis, But, let's take it bit-by-bit to avoid confusion:- Yep - the $7.50pw WAS the Interest cost at 8%. I try to keep it simple - (e.g. I don't want to be agonising over CPI effects, Tax Deductions dependent on Income, opportunity costs, costs of setting up loans, RE...

G'day MiQu, Way to go. KnightM made a really good comment that (I think) helps put things in perspective. The extra $1600 (at 8% IO) will set you back $2.50 pw - add another $800 for a dishwasher, and $2500 for a/c, and Interest will be $7.50 per week. But, now, how much more will it...