Mortgage - Loan Repayments Calculator

A mortgage loan is a loan one can obtain to purchase or secure against the property from a bank or any other financial institutions. Once a mortgage is taken, the borrower must then figure a way to repay the capital. There are various ways to do so. Mortgage loan repayments would depend on the prevailing culture, locality and tax laws.

The most common form of repayment is to make regular payments of the capital or principal and the interest over a set period of time. Then there’s the alternative called interest only mortgage wherein the principal is not paid throughout the term of the loan.

If you need to know the amount of your repayments over the course of your loan then you can use a mortgage loan repayments calculator. This simple online tool is available to everyone for free and it’s easy to use as well.

The user just needs to input the total loan amount, its interest rate, loan term, repayments schemes (if it is monthly, fortnightly or weekly) and the repayment type (whether it’s interest only or principal & interest). Once the information is set in place, the user just needs to click on the calculate button at the bottom of the calculator.

Once the button is clicked, the results will be shown at the right side of the mortgage loan repayments calculator. You can choose between graph and breakdown. In graph view, you’ll be given a graph that would show the loan balances over the course of time. In the breakdown view, you’ll be given a chart that shows the actual figures. At the bottom is the summary that indicates the amount of the monthly repayments and the total interest payable. This simple tool can ease out the confusion of how much you have to pay in a particular period of time.


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