This application helps you in all financial simulations before choosing the amount, duration, or the installment of a mortgage or any type of loan.
It is possible to calculate the installment in a simple way, by entering:
- Amount
- Duration in years
- Annual interest rate
- Frequency of payments
The application provides instant payment amount and a detailed amortization schedule.
It also possible to calculate the reverse: for example if you have a certain monthly payment, how many years of payment are needed to get the desired loan amount?