Amortization calculator

The amortization calculator should help you to plan your repayment. You can easily use the calculator to calculate the monthly installments to pay and also the remaining balance at the end.

The following information is entered in the amortization calculator:

  • loan amount
  • Lending rates
  • commitment period
  • What should the monthly repayment be?

The amortization calculator now calculates for you, which monthly installments are incurred and which balance remains open when the debit interest has expired.

Time

Time

In addition, the amortization calculator also calculates the remaining time, assuming a constant interest rate. The amortization calculator can also be used in reverse order. You can also determine the desired monthly rate and use this to calculate the remaining key figures.

Avoid common mistakes

Avoid common mistakes

A really expensive mistake is a too low chosen repayment rate. This increases the overall financing time and drives up the costs. Calculate your monthly available money with the expenses and determine the amount that can be covered monthly.

It is definitely advisable to choose the obligatory repayment rate of one percent higher on your own. With this choice, you can usually secure a special right of repayment. Use the repayment calculator to test which repayment rate is possible and reduce the total cost. The remaining debt to be covered is also lower due to the higher repayment rate.

The exact consequences of the repayment rate can be seen in the following example

The exact consequences of the repayment rate can be seen in the following example

To make a solid and serious plan, the amortization calculator is an almost inevitable instrument.

Even the layman can see through the amortization calculator that interest rates fall sharply when the repayment rate is raised. This is explained by the so-called “interest effect” – all in all, less interest is paid and the financing is significantly accelerated.