Mortgage loan calculator

Compound Interest Calculation

Loan parameters

Total sum
present value
200.000,00 $
Duration
240 month(s) = 1040 week(s)
20 year(s)
Capital/period
200000$ / 240 monthly installments
833.33$ each

Fixed Rate Mortgage (FRM)

Definition
Every monthly payment will be the same ('amortized')
monthly interest
Yearly interest: 1.95%
0.163%
monthly payment
240 monthly payments x 1007 = 241,690$
1007.04$

Fixed Rate, Constant Capital

Definition
Every monthly payment will pay back 1/240 of the capital and the interest on all the outstanding capital
First payment
Month 1
1158.33$
Last payment
Month 240
834.68$

Examples

References

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