Home loan or Mortgage calculator and analysis
It is a dream for almost all individuals to have their own home at one point. But everyone cannot afford this by themselves. They need some financial help from third party agencies like banks. The banking system do provide options for such cases in terms of loans. These loans are termed as Home loan or Mortgage.
Deciding to have a mortgage or home loan can be easy but the most difficult part is to come up with an optimal strategy for series of repayments/returns which must suite to one's own total household income. In this blog we will generate and test different strategies to guide you to the best and least expensive mortgage or loan.
|Real estate agent commission (%)|
|Real estate tax (%)|
|Notary costs (%)|
|Land register fees (%)|
|Total property price|
|Loan principal amount|
|Principal amount remaining after fixed interest period|
|Total loan amount returned|
|Final costs including loan|