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Loan Amortization Calculator
| Loan Amount | |
| Interest Rate | |
| Term (years) | |
| First Payment Date | |
| Calculate | |
| Powered by CalculateStuff.com | |
Optio finance
Purchase Price
This is the total loan amount excluding any down
payments.
This is the total loan amount excluding any down
payments.
Down Payment
The amount of money you intend putting towards
the mortgage in the form of a deposit.
The amount of money you intend putting towards
the mortgage in the form of a deposit.
Interest rate
You cab change the interest rate to juggle various
scenarios, currently a good avereage would be 6%
You cab change the interest rate to juggle various
scenarios, currently a good avereage would be 6%
Property Tax
This is a set cost which needs to be considered
when applying for a mortgage. If you would
like the loan info only however, simply change
to zero.
This is a set cost which needs to be considered
when applying for a mortgage. If you would
like the loan info only however, simply change
to zero.
Mortgage Protection Insurance
The pre-loaded factor of 0.5% is a good indication
rate for the cost of mortgage protection insurance.
If you would like to establish the cost of the loan
only, simply adjust to zero.
The pre-loaded factor of 0.5% is a good indication
rate for the cost of mortgage protection insurance.
If you would like to establish the cost of the loan
only, simply adjust to zero.
Term
The maximum mortgage term is 30 years, you can
however change the term to anything. A importatnt consideration would be time to retirement.
The maximum mortgage term is 30 years, you can
however change the term to anything. A importatnt consideration would be time to retirement.
Start Date
This factor is used to provide projected repayment
dates etc. once you calculate.
This factor is used to provide projected repayment
dates etc. once you calculate.