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Hiya PeterC In general, for an average loan, the rate for a basic PI vs a pro pack IO isnt 50 pts Often nothing, sometimes 10 or 20 pts ta rolf

None for PI unless as you say you cant hold onto the P part of the payment and spend it. In some scenarios, some lenders will lend more on a PI loan than an IO loan at the margins Thats about it I reckon. ta rolf