Fixed Mortgage Loan

Fixed-rate mortgage loans - Think Mutual Bank

You use this computer to create a repayment plan for your mortgage. See quickly how much interest you will be paying and your main accounts. They can even measure the effect of main advance payments. Credit information: Prepayment monthly: Advance payments: Original or anticipated mortgage amount for your mortgage. Duration in yearsThe number of years over which you will be repaying this loan.

Mortgage maturities are most commonly 15 years and 30 years. Annual fixed interest for this mortgage. DepositMonthly Deposit and Interest Paid (PI). Aggregate paymentsSum of all montly installments over the entire duration of the mortgage. It is assumed that there are no advance capital repayments.

Aggregate interestSum of all interest payments made over the entire life of the mortgage. It is assumed that there are no advance payments of capital. Advance typeThe advance rate. There are no option payments, whether in the form of months, years or lump sums. Advance PaymentAmount that will be advanced on your mortgage. The amount is calculated on the mortgage capital net, on the basis of the advance method of payments.

Begin paymentThis is the number with which your advance payments begin. In the case of a one-off transaction, this is the transaction number containing the individual advance inpayment. The assumption is that all advance payments of the capital have been made to your creditor in good order to be taken into account in the interest rate calculations for the following months.

When you decide to make an advance with a single zero payout, it is considered that the advance will be made before the first one. Total savingsTotal interest that you will be saving by paying your mortgage in advance. Announce AmortizationChoose how the reports displays your payplan. Every month, each transaction is displayed for the whole duration.

Initial or anticipated account for your mortgage. Number of years over which you will pay back this loan. Mortgage maturities are most commonly 15 years and 30 years. Capital and interest paid each month (PI). Sum of all montly repayments over the entire duration of the mortgage. It is assumed that there are no advance capital repayments.

Sum of all interest payments made over the entire life of the mortgage. It is assumed that there are no advance payments of capital. Deposit rate. There are no option, montly, annually and a one-time fee. The amount that is on your mortgage in advance payed. The amount will be deducted from the main mortgage amount according to the advance method.

It is the number with which your advance payments begin. In the case of a one-off transaction, this is the transaction number containing the individual advance inpayment. The assumption is that all advance payments of the capital have been made to your creditor in good order to be taken into account in the interest calculations for the following month.

Overall amount of interest you will be saving by paying your mortgage in advance.