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Reply: 2.1.1.1 From: Paul Zagoridis Here's a spreadsheet to show the difference between borrowing P&I and IO. It compares an amortization schedule with an IO loan over the same term. It makes no affordability assumptions nor allows for acquiring extra property.

Reply: 2.1.1 From: Paul Zagoridis Actually $0.02 is legal tender. You can EFT-POS, BPay, cheque or Funds Transfer as little as $0.01. As for IO over P&I... Principal repayments are not normally tax deductable. Therefore from a cashflow perspective IO is the way to go -- let inflation reduce...