The mortgage calculator allows multiple calculations for mortgage and other annuity loans.
On the basis of the input data, the online calculator determines the loan amount, the installment amount, the interest rate, the initial repayment, the term, the remaining debt or the annual special repayment.
From the list of input parameters, two sizes are to be selected, which are to be calculated. All other key figures must be specified. This allows the calculator very flexible calculations.
The frequency of installment, payments can be chosen between monthly, quarterly, semiannual and annual, with payments always being made at a later date.
The amount of the installments is kept constant over the entire term so that the repayment portion contained increases over time and the interest rate decreases accordingly.
In addition to the annual special repayments made at the end of each year, the mortgage calculator with taxes and insurance also allows for individual special repayments of varying amounts in any month.
From the data, a detailed repayment plan is also created in which all payments for interest and repayments as well as special repayments are clearly displayed. The repayment plan shows either on a yearly or monthly basis, the evolution of debt and payments.
For each year or each month, the old debt, the installment with the interest and redemption portions and the new debt is called.
In addition, the annual interest rate (internal rate of return) is calculated, which is an important comparison variable for various loan offers.
TIP: You can use the Loan Calculator to calculate a repayment plan with the day-exact calculation of interest, additional partial payments, repayment delay, and individual special repayments. For less complex loan calculator you can use the simple loan calculator to use for personal loans.
Also, a closing fee for the loan can be taken into account, which is optional to pay separately in loan disbursement or can be included in the repayment rate. Similarly, a percentage discount can be included in the calculation. Both have a direct influence on the effective annual interest rate.
In addition, the mortgage calculator allows for an initial repayment-free period in which the installment payments are initially suspended. Any interest accrued here may lead to an increase in the initial debt and thus to the inclusion in the repayment installment or to be paid separately.
If there is still a residual debt remaining at the end of the fixed interest period, the mortgage calculator will allow the calculation of an optional follow-up financing up to the complete repayment of the loan with the same installment amount but different debit interest rate.