Mortgage loan calculator

Compound Interest Calculation

Loan parameters

Total sum
present value
100.000,00 $
Duration
120 month(s) = 520 week(s)
10 year(s)
Capital/period
100000$ / 120 monthly installments
833.33$ each

Fixed Rate Mortgage (FRM)

Definition
Every monthly payment will be the same ('amortized')
monthly interest
Yearly interest: 3.5%
0.292%
monthly payment
120 monthly payments x 988 = 118,663$
988.86$

Fixed Rate, Constant Capital

Definition
Every monthly payment will pay back 1/120 of the capital and the interest on all the outstanding capital
First payment
Month 1
1125$
Last payment
Month 120
835.76$

Examples

  • Car loan, 10K$ on 4 years at 1.90% interest
  • House mortgage, 200K€ on 20 years at 1.95% interest

    • References

    Compound interest
    Mortgage loan
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