|
Enter the amount of your loan,
the applicable interest rate and the rate of amortization and get a detailed breakdown of
payments, including the amount of capital remaining and accumulated interests costs.
Simultaneously calculate three
mortgage options to view payment breakdown and determine which is most beneficial to you.
This calculator offer 3 different options:
With so
many different options offered by mortgage lenders, it's hard to know which one is
best for your family. This year, many lending institutions are offering cash-back
promotions on mortgage loans. Is this better than, say, a reduction in the interest rate?
Use this handy calculator to determine the best repayment solution for you.
Do you want to sell your home without buying another? You might
want to reimburse your loan, which could result in a penalty. But, if you took out your
loan while interest rates were low, a potential home buyer may be interested in assuming
your mortgage. Find out what the most favorable scenario is in your case.
Should you refinance your loan before it comes to term? If
interest rates drop low enough, the ultimate savings in refinancing at a lower rate may
outweigh the penalties of reimbursing the loan before its term. Use our calculations to
analyze your potential costs savings.
|
