This home loan
calculator can be used to figure out monthly payments of a loan.
The calculator accepts:
Loan amount (in any currency)
Percentage of down payment
Length of loan
Annual interest rate
The above loan calculator provide an estimation of the repayment amount. The
amount may be different from individual finance / banks. This loan
calculator assumes that the interest rate remains constant throughout the
life of the loan.
This loan calculator also assumes that the loan will be repaid in equal
monthly installments through standard loan amortization (i.e., standard or
extended loan repayment). The results will not be accurate for some of the
alternate repayment plans, such as graduated repayment and income contingent
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consult their banker or financial consultant for complete information and
their professional advise.
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