Mortgage Principal And
Interest Calculator

Investors who think about satisfying the mortgage sooner than what is stipulated in the mortgage agreement could use Smart Property Investment's principal and interest calculator.
This is used to determine the length of time required to advancing the mortgage repayments before the completion of the mortgage, as well as allowing investors to know how much of their principal and how much of their interest they are paying off each month.
DISCLAIMER: The information provided by this calculator is intended to provide an approximate estimate based on stated assumptions and inputs entered. For more information, read more on
Copyright, Legal and Disclaimers.
 

Definitions:

Loan amount

The total value of the loan applied for in a loan agreement.

Interest rate

The amount of interest due per period, as a proportion of the amount loaned, deposited or borrowed.

Extra payments per month

The amount the investor plans to make above the stipulated repayment amount in a loan agreement in order to fulfill the loan.

Number of years

The stipulated duration of the loan agreement, in years.

 

Interest to date

Amount derived from the total of all interest payments from the start of the loan agreement until the last repayment made in the current month.

Principal to date

Amount derived from the total of all principal payments from the start of the loan agreement until the last payment made in the current month.

Principal remaining

Amount derived from the difference from all repayments made from the total amount borrowed as stipulated in the loan agreement from the start of the loan agreement until the last repayment made in the current month.

DISCLAIMER:

The information provided by this calculator is intended to provide an approximate estimate based on stated assumptions and inputs entered. For more information, read more on Copyright, Legal and Disclaimers.

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