Mortgage loan calculator

Compound Interest Calculation

Loan parameters

  • Total sum that is borrowed: 20.000,00 $ (= 'present value')
  • Total duration of the loan: 4 year(s) = 48 month(s) = 208 week(s)
  • Capital/period: 20000$ / 48 monthly installments = 416.67$ each

    Fixed Rate Mortgage (FRM)

  • Every monthly payment will be the same ('amortized')
  • Yearly interest: 1.9%
  • monthly interest = 0.158%
  • monthly mortgage = 433.03$
  • Fixed Rate, Constant Capital

  • Every monthly payment will pay back 1/48 of the capital and the interest on all the outstanding capital
  • First monthly payment: 448.34$
  • Last monthly payment: 417.33$
  • References

  • Compound interest
  • Mortgage loan
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