Amortization
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| Get a good picture of your bond This calculator will give you a picture of how much your loan reduces by every month, over the full period of the loan – how much of your installment goes towards interest and how much towards reducing the actual loan amount. Enter the period of the loan in months (the maximum is 240 months)Then enter the interest rate and the bond amount and click ‘produce schedule’. Sometimes home owners decide to fix the interest rate on their home loan for an initial period of time. If this is the case for you, you can also include this in the calculation, as well as the base rate and term for the remainder of the home loan period. The calculator will give you a result based on this combination of factors. |
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I’m a dedicated Estate Agent employed by the Platinum Property Group which is a well established company with more than 25 years property market experience.