Simple calculation of monthly loan payments and loan repayment scheduling
Discover the convenience of our loan calculator, designed to streamline mortgage calculations, amortization schedules, and loan offer comparisons. With this tool, you can easily plan your budget and make informed decisions about your home loan.
The calculator allows you to input essential details such as loan amount, interest rate, and repayment term, enabling you to estimate your monthly payments accurately. It breaks down these payments into principal and interest components, sometimes including taxes and insurance, giving you a comprehensive view of your financial commitment each month.
One of the key features of our loan calculator is the ability to create amortization schedules. These schedules track how each payment reduces your loan balance over time, illustrating the split between principal and interest and showing your equity growth or loan balance at any point. Some schedules even offer downloadable detailed reports for your records.
Another valuable aspect of the calculator is its loan offer comparison feature. By adjusting inputs such as loan amount, interest rates, fees, or loan terms, you can see how changes affect monthly payments and total interest cost. This empowers you to choose more favourable terms or refinancing options, ensuring you get the best deal possible.
The calculator also provides the nominal interest rate and the annual effective interest rate (annual interest rate), based on the Price Indication Ordinance (PAngV). Additionally, after input, several mortgage variants based on the data provided will be shown.
The calculator's red button "Compare mortgages" leads to concrete offers from which a bank can be selected. Experimenting with different data can help see how financing changes with different conditions.
Moreover, the calculator automatically calculates the real estate agent's commission. By providing this clarity, the calculator prevents financial surprises, helps identify hidden costs like taxes and insurance, and empowers you to negotiate better terms.
The annual effective interest rate includes credit costs of the financing. The term of the interest rate binding and repayment rate should be selected. The interest portion is high in the first years of repayment and decreases significantly over time.
Our loan calculator is a must-have tool for prudent financial planning related to home loans and other types of loans. Try it today and take the guesswork out of your mortgage planning!
Compared to traditional methods, our loan calculator revolutionizes personal-finance management by providing an easy-to-use tool for comparing different loan offers. Furthermore, it allows for a detailed analysis of your financial commitment, as it breaks down payments into essential components like principal, interest, and sometimes taxes and insurance.
